The EU is preparing a “hammer” for Trump: For now, Donald Trump suspended duties for 90 days, including towards European Union countries, and in the answer Brussels abstained at the same period with its retaliation tariffs. Europe wants to negotiate with the American president, but is also preparing another option. Against, If the talks with the USA ended in failure – writes the Financial Times.
Brussels can hit Big Techy: “FT” reports that “the EU is ready to implement the most serious trade funds and maybe tax American digital giants' He would hit such American companies as Meta, Google and Facebook.
“Wide range of funds”: – We develop retaliation. There is a wide range of remedies in case, If the negotiations were not satisfying – said von der Leyen cited by the “Financial Times”. The chairwoman of the EC emphasizes, however, that during the 90-day, bilateral suspension of duties, Brussels will strive for a “completely balanced” agreement with Washington.
“Tax nuclear weapon”: As Money.pl emphasizes, such a digital tribute definitely does not like the Republican Administration of the United States and is assessed by many experts as A real “tax atomic weapon”, which is available to the European Union. “FT” indicates that there are still duties on the services between the USA and Europe.
A turning point in global trade? According to Ursula von der Leyen, Trump's tariff war caused a “total turning point in global trade”. According to her, it also “A turning point for the United States “. – We will never return to the status quo again – she assessed. – There are no winners in this, there are only losers. Today we see the cost of chaos. The costs of uncertainty we experience will be high – she added, commenting on the confusion on global stock exchanges.
See also: Again, declines at Wall Street. More on this subject in the text “Trump red Street with sudden decisions.” We don't know if they won't change in a moment. “.
Sources: “Financial Times”, Money.pl