Donald Trump announced a potential 30% tariff on the EU, undermining the bloc's confidence, which had recently conceded trade in pursuit of larger security goals. The EU was initially resistant, criticizing the UK’s trade proposals. However, its stance shifted in negotiations seeking a bare-bones deal influenced by rising tensions with Russia, altering their approach towards U.S. tariffs on car exports and steel. The negotiations reflect broader concerns about the future of the international rules-based system as the EU contemplates its economic and security strategies.
Donald Trump's shock threat to impose 30% tariffs on the EU represents a significant blow to the bloc's confidence, revealing their willingness to sacrifice trade for security.
EU officials had previously criticized UK negotiation positions but shifted towards a bare-bones deal with the U.S., largely influenced by concerns over a resurgent Russia.
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