△ On the 9th local time, Bernd Lange, the Chairman of the European Parliament’s Committee on International Trade, held a press conference in Brussels, Belgium.
During the press conference held in Brussels, Belgium, on the 9th local time, Bernd Lange stated that the current trade dispute between the EU and the United States remains focused on tariffs in specific industries, particularly:
Steel, automobiles, copper, and potentially pharmaceutical products.
Lange mentioned that the EU primarily exports drugs, automobiles, and machinery, hence there is an urgent need to reach an agreement with the US as soon as possible to achieve a clear final outcome and decision. However, he also noted that:
The US has not yet committed to reducing tariffs nor accepted the “freeze clause” proposed by the EU, which means not implementing new trade restrictions until the final agreement is issued. According to him,
the EU side is ready to take countermeasures, with the first phase automatically taking effect on July 14th.
The Trump administration has not shown sufficient sincerity, conveying more “power language” than “partnership language”, the EU calls for the rebuilding of genuine partnerships and the promotion of a global cooperation framework that respects the multilateral trading system.
On the 8th local time, President Trump announced that all imported copper into the US would be subject to a 50% new tariff, without revealing when these new tariffs would take effect. (CCTV Gu Xin)
Trump’s tariff policy impacts the world.