EU to group the response to Trump – Politico prices

Trump is expected to make his pricing announcement, which he described as a “liberation day” at 4 p.m. in Washington DC, at 10 p.m. in Brussels.

While the details remain summary, Brussels expects Trump to announce rates as high as 20-25 percent on EU exports to the United States-a level of protectionism invisible since the great depression of the 1930s which threatens to disrupt world trade, to reach economic production in American trade partners and to increase the cost of goods for American consumers.

The Commission finalizes two countermeasures lists which are worth a combined winner of 26 billion euros to meet the prices of Trump in steel and aluminum, in consultation with the countries and member companies of the EU.

Commerce commissioner Maroš Šefčovič is expected to meet EU ambassadors on Friday during the lunch to plan the next steps, according to two EU diplomats, before a meeting of block ministers in Luxembourg next Monday.

Last week, Trump announced that he would impose prices of 25% on foreign manufacturing cars. These prices also launch on Wednesday.

Gill refused to give more details on the EU’s response calendar, stressing that he would be at an “appropriate moment”. He also said that there was no plan for Šefčovič to visit Washington to try to conclude an agreement with the Trump administration. Šefčovič set off empty with a six -hour meeting with senior American trade officials last week.