EconomyPolitics The EU has provided Trump a commerce truce, however the White Home calls for monetary “reparations” and $350B in vitality purchases. Wednesday, April 9, 2025

On April 7, EU ministers agreed to prioritize negotiations over countermeasures in response to US President Donald Trump’s tariffs, which affect 70% (€380B) of whole European exports. European Fee President Ursula von der Leyen said that the EU is able to negotiate a zero-to-zero tariff settlement on industrial items and vehicles.

“We have to stay calm and scale back tensions. However we’re able to take countermeasures if essential to carry the People to the negotiating desk,” mentioned Reinette Klever, the Dutch commerce minister.

The EC is getting ready 25% counter-tariffs on a number of US items. The vote is scheduled for April 9, and the ultimate record might be adopted on April 15. Tariffs on merchandise from the primary bundle of commerce measures will take impact on the identical day, the remaining tariffs on Could 15. Furthermore, the EU might abandon the American fee infrastructure and develop its personal fee system to keep away from US dependence. In flip, Trump said that the US is not going to negotiate with Europe on altering tariffs and declared that the EU should commit to buying $350B in American vitality to obtain a reprieve from large-scale tariffs.