Commercial Truce between the United States UU and the European Union Generate Uncertainty – United States and Canada – International



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The temporary commercial truce announced between the European Union and the United States has generated relief in European countries, but also doubts about the viability of the compromises discussed between Jean-Claude Juncker and Donald Trump .

Both of them explored at a meeting in the White House a series of decisions, such as an increase in US soybean purchases by the European bloc, seeking to defuse the current trade dispute between Washington and Brussels that led to at reciprocal rates. The goal was also to outpace the threat of Trump's higher tariffs on EU cars, which would particularly affect Germany, whose government held Thursday the "constructive" outcome of the meeting and reaffirmed its "support" to the Commission
. European Juncker.

In contrast, the French Minister of Economy, Bruno Le Maire, expressed his reluctance to the trade agreement, while fixing a series of red lines for his country. In a statement issued by his office, The Mayor recognizes that "a trade war must be avoided" because "there will be only losers" and considers that "the return of the dialogue with the United States on trade issues is acceptable "

US Treasury Secretary Steven Mnuchin confirmed Thursday that will not apply tariffs to European cars during negotiations and will emphasize that" the first problem "that they will negotiate will be tariffs and retaliation of steel . ]

The European Automobile Manufacturers Association welcomed the removal of the threat to an industry that "thrives in an environment without trade barriers," while acknowledging that there remains "a lot of problems to solve, "according to its secretary general Erik Jonnaert.

A European source pointed to the "excellent results" obtained by the EU "without putting its essential interests at risk" and "the enormous pressure in the United States against the trade war", although 39, she warned against "all triumphalism" Nothing is etched in stone.

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Trump (d.) Announced Wednesday an agreement with the European Union (EU) to go together towards a situation of "zero tariffs", thus avoiding the trade war, after meeting with Juncker

The European source said the working group on talks with the United States will have "120 days to publish a report", ie "until the end of November", something that could "have

The United States, whose president is facing internal pressure for the trade war, is holding mid-term elections in November and, in that sense, will "play an important role". "Trump was ready to be positive and to reach an agreement," the source said.

AFP and EFE

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