The EU calls for the US Trade Agreement based on “respect” after Trump’s tariff threats star-news.press/wp

The European Union’s head of the European Union said that the 27-member blocks are dedicated to the provision of the trade meeting with the US on the basis of “respect” not “threats”.

It comes after the President President Donald Trump threatened to slap the tariff of 50% on all goods sent to the United States from the EU.

“The EU is fully engaged, dedicated to the provision of a contract that works for both,” said the EU Commissioner Maros Sefković after calling with the US Trade Representative and Trade Howard Lutnick.

“EU-US trade is incomparied and must be guided by mutual respect, not threats. We are ready to defend our interests.”

Earlier on Friday, Trump expressed an impatience at the pace of ongoing trade negotiations in the EU, saying his tariff setup plan 1. June.

Publishing on his social platform Trump said, “Our discussions with them (EU) do not go anywhere”, adding that there would be no tariff for built or produced in the US.

“I’m not looking for an agreement – we set up a deal,” he told reporters later, before he immediately added that the European company could open it with great investment in the United States.

The EU is one of the largest trade partners of Washington, which sends more than $ 600 billion (528 billion euros) in Robbie and buying $ 370 billion, US government emissions.

Reacting to Trump threats, European governments warned that larger tariffs harms on both sides.

“We don’t need to go down this time. Negotiations are the best and only sustainable path forward,” Ireland Taoiseach (Prime Minister) Micheál Martin said.

“We maintain the same line: de-escalation, but we are ready to answer,” said French Foreign Minister Laurent Saint-Martin.

German Minister of Economy Katherin Reiche said that “we must do everything to ensure that the European Commission reaches the negotiating solution with the United States.”

Dutch Prime Minister Dick Schoof told reporters that he supported the EU’s trading strategy and we have seen before tariffs can go up and down in interviews with the US “.

Last month, Trump announced a tariff of 20% on most EU goods, but halved at 10% to 8. July to allow for more negotiations.

Trump complaints to Europe focused on their uneven trade relationship, because the EU sells more goods in the United States than buying from America.

It blames this trade deficit on politics that says that they are unjust for US companies, and especially asked concern about cars related to cars and agricultural products.

Trump warned the apple to impose 25% imported tax “at least” on the iPhone, not produced in America, later spreading the threat to any smartphone.

Stocks in the US and the EU fell on Friday after the latest threats, with S & P 500 below 0.7% and the German Dax and French CAC 40 ended a day more than 1.5%.