The European Union (EU) is bracing for a new wave of trade tariffs from the United States (US), even as talks with President Donald Trump's administration continue. Tensions that have been simmering for months are now escalating, with the EU voicing concerns about Washington's unilateral approach.
Since the US imposed tariffs on steel and aluminium, the EU has responded by imposing duties worth more than €20 billion on US goods. However, in an effort to defuse the conflict, both sides have agreed to suspend the action for 90 days, giving time for diplomatic talks. The EU has insisted that they prefer negotiations to a tariff war that would only harm economies and consumers on both sides.
However, pressure from the US is increasing as President Trump launches new investigations into imports of pharmaceuticals and semiconductors from Europe. This move is said to lead to the imposition of new tariffs in key sectors that are the core of EU exports to the US. Trump has openly expressed his dissatisfaction with the EU, which he accuses of taking advantage of trade with the US, especially in the automotive and food sectors.
The European Commission has insisted that it will continue to prepare for any retaliation if the talks fail to yield a positive outcome. The EU trade representative has said that any solution requires bilateral commitments, not just unilateral demands from the US.
In a related development, Italian Prime Minister Giorgia Meloni is scheduled to meet Trump on an official visit that will be a key point in efforts to ease transatlantic tensions. Meloni, who is seen as close to Trump and shares similar conservative views, could potentially play a role as a mediator who could revive trade dialogue between the world's two major economic blocs.
