Brussels is developing a two-step trade strategy to deal with Donald Trump, offering the Republican a quick deal if he wins a second term as president, and targeted retaliation if he opts for punitive tariffs instead.
EU officials see the carrot-and-stick approach as the best response to Trump’s pledge to impose a 10 per cent minimum tariff, which they estimate could reduce EU exports by around €150bn annually.
Negotiators are planning to approach the Trump team, if he wins the election in November, before he takes office to discuss which US products the EU could buy in bigger quantities.
Should talks over improving trade fail and Trump applies higher tariffs, the European Commission’s trade department is drawing up lists of imports it could hit with duties of 50 per cent or more.
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Do you think it's fair for countries to impose high tariffs on each other as a way to resolve disputes?
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If a country's policies were causing economic harm to your country, what kind of response would you consider justified?
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Should the average citizen's interests be a priority when nations decide to engage in trade wars?
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How do you think a significant increase in tariffs could impact your daily life or that of those around you?
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How would you feel if the products you love became much more expensive due to political decisions?
