The EU trade commissioner has responded resolutely to Donald Trump's threats of imposing a 50% tariff on EU goods, stressing that any trade agreement must be built on mutual respect rather than coercion. Trump's frustrations over the slow pace of negotiations have contributed to tensions, as he claimed the EU has a trade deficit with the U.S. amid ongoing discussions. The EU remains committed to a favorable trade agreement, citing its significant trading volume with the U.S., while Trump has hinted at imposing tariffs on various imports, further complicating relations.
The EU trade commissioner emphasized that EU-US trade must be characterized by mutual respect, stating that they are fully engaged in seeking a beneficial deal.
Trump expressed dissatisfaction with the EU's negotiation speed, stating discussions are unproductive, while asserting a significant trade deficit exists with the bloc.
The EU sent over $600 billion in goods to the U.S. last year and maintains a strong economic partnership, despite recent tensions regarding tariffs.
Trump's rhetoric suggested a punitive approach towards EU goods, highlighting potential future tariffs on various product categories, reflecting ongoing trade friction.
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