After London’s arrival in Beijing: US President Donald Trump announced a success in a conversation with China to end his fast growing war on Wednesday night, although the agreement details are unclear, and the major elements are waiting for formal approval.
“Our deal with China is subject to final approval with President Xi [Jinping] And me, “Trump wrote his social media platform, Truth on social.” Full magnets, and any essential rare earth, by China, will be supplied in front. Similarly, we will provide China that Chinese students were included including Chinese students using our colleges and universities (who have always been good with me!)! ,
A day later, the scope of the deal is uncertain. According to the Associated Press Agency, neither Trump nor American officials clarified which tariffs can be removed or which concessions can be included. The conversation is going on.
‘Liberation Day’ wound treatment
Two months ago, Trump announced a blanket baseline, which announced 10% of the tarts on all the items imported in the US, for the incident that he termed him as “liberation day”. High country-specific rates were followed, Chinese imports are particularly difficult.
Beijing immediately retaliated, with its own sharp growth, singing bilateral tattifies – at 145% in some cases – on a trade relationship of $ 583 billion (about 503.5 trillion) in 2024.
While recent negotiations have helped bring down the mutual taf, stress remains. By mid -May, according to the Pietersen Institute for International Economics of the US think tank, the US tarfs on Chinese goods were an average of 51%, while the Chinese tariffs on US goods were 33%.
The UK and the US made a very nervous deal a month ago. However, tatf on major objects remain in place, pending further implementation.
Europe trades carefully
Compared to China, the European Union has so far selected for a remaining trained approach, with high-level officers engaged in intensive talks.
As of April, the US has faced 10% Tatur in most European Union exports. Steel and additional 25% duty on AluminumPoled in March, remain under influence. The block has so far survived the high rates slapped on China.
The European Union was designed to hit back with important counselors on everything from whiskey to motorcycles, a second package was prepared, although both European Union-US talks are stalled with the release of talks.
Brussels are pushed for a “zero-to-zero” trade agreement, aimed at eliminating taff on industrial goods. So far, the talks have stopped. One of the major complaints of Trump is a frequent trade imbalance.
According to official US data, in 2024, the US imported much more goods from the European Union with a trade deficit of $ 216 billion from the European Union. However, the European Union often argues that the US sells more services to the block than the round in another way.
An alternative European Commission, which has been represented by 27 member states in talks as an European Union Executive Branch, proposed that European Union companies and countries are carrying forward more natural gas from the US, a change that has already been well away from Russia, after its full -scale invasion of Ukraine in 2022.
European Union’s nuclear option
If 50% of the tasiff for the European Union and Trump resorts or even higher rates fails for higher rates, then there may be some more radical steps from the European Union.
“Should Trump’s tatfies be hit on July 9, and how? If yes, the tonnal compromise seems to be, beyond the tafs on the goods, American digital services are the most likely and weak targets,” Tobias Gehrke, the European Council’s Tobias Gehrke at the end of the last month on the social media platform Bluuski.
Geharke pointed to the anti-Korsian instrument of the European Union, a legal structure that empowers the European Union to target services and can limit the reach of American companies to public procurement contracts in Europe. It came into force in 2023, but never used,
Time is of the essence
The conversation is going on, US Commerce Secretary Howard Lutnik has indicated that the block line is behind. “I am optimistic that we can reach there with Europe,” Lutnik on Wednesday told the US Broadcaster CNBC. “But Europe wants to have a lot of end, probably.”
On Thursday, the US outlet Bloomberg reported that the European Union officials expect a conversation to move beyond the July 9 deadline, which cite the sources close to the negotiations.
For negotiators, the pressure to wrap a deal is very large.
The European Union official told DW on the condition of anonymity, “We will get the deal done in the best way.” “But it is very clear that not only in the European Union institutions, but also around the members, people do not want to pass through the bus.”
The source said, “We are in the volatile world, everyone wants for reliable business partners, and America is not so right now.”
In the coming days, G7 and NATO Summit in Canada and Netherlands respectively, Trump and European Commission Chairman Ursula can provide opportunities to meet Ursula von Der Leyen.
However, the European Commission said on Thursday that no bilateral meetings were planned.
“It can still change,” Commission spokesman Mirium Garcia Ferler told reporters in a briefing in Brussels.
