The EU lasts a “strong plan” to avenge the tariff on the US

Be aware of free updates

Just subscribe to EU Trade Myft Digest – delivered directly to the mailbox.

The EU has a “strong plan to avenge” against the US tariffs, which is expected on Wednesday, the President of the European Commission said.

Ursula von der Leyen said in the European Parliament on Tuesday that the block was ready to report services, including large technology companies when US President Donald Trump introduced “return tariffs” to all imports in the United States.

Brussels will negotiate “from the standpoint”, she said. “Europe holds a lot of cards. From trade to technology to the size of our market. But this force is also built on our willingness to enhanced counterman. All the tools are on the table,” she said.

The EU has the opportunity Click on Export ServicesWhere the US has an excess. This may include the suspension of some intellectual property rights and the exclusion of companies from the procurement contracts under its regulation.

Further escalation would be for the first time to use the antiocen tool. This allows for even more stringent actions on intellectual property and public procurement. The block can reduce US financial services access to its market.

Such measures require that most member states agree.

Brussels still postponed additional duties up to 26 billion euros of US goods after Washington has imposed tariffs on steel and aluminum because some countries, including France, feared even more counterattack from the US.

The EU has not yet announced any response to Trump’s 25 percent tariffs. Von der Leyen warned that the United States could move further on semiconductors, pharmaceuticals and wood.

she said EU He still wanted to negotiate at first because the tariffs would feed inflation, cost us jobs and “create a bureaucratic monster of new customs procedures”.

Officials said they hoped that the planned message in the US on Wednesday is just a prelude to the round of negotiations.

However, the United States insisted on discussing not only the level of tariffs, but also the tax rates and EU health standards, which are believed to be unfairly blocking their farm products.

Washington also says EU VAT systems are unfair to its companies. He also wants the countries that apply digital taxes into technology companies to disrupt them, and Brussels weaken digital regulation on the grounds that it punishes US companies, and stifle innovation and freedom of speech.

Last week Financial Times reported that the commission soon Collect fines for apple and meta To violate the Law on Digital Markets.

Von der Leyen suggested working with the US on pressure in China to change its export economic model without naming the country directly.

There were “serious problems in the world of trade,” she said. “Excessive, imbalance, unfair subsidies, refusal to the market, theft of intellectual property. I hear Americans when they say some others have used the rules. I agree. We also suffer from it. So, let’s work on it.”