EU analysing U.S.-UK trade deal for impact on EU, global trade

Reuters

Mon, May 12, 2025, 11:00 AM 1 min read

BRUSSELS (Reuters) -The European Commission is analysing the commercialized woody struck past week betwixt the United States and Britain for implications for the 27-nation European Union and planetary trade, European Economic Commissioner Valdis Dombrovskis said connected Monday.

The United States and Britain announced a woody to little tariffs connected immoderate goods past Thursday, with U.S. levies connected cars and alloy being chopped and some sides gaining amended entree to agriculture markets.

"We are presently intimately analysing the content... to measure its ...potential implications peculiarly arsenic regards immoderate effects connected EU interests oregon the planetary broader planetary commercialized environment," Dombrovskis said.

The EU itself is successful negotiations with Washington connected its ain commercialized woody that would regenerate 20% crossed the committee tariffs connected astir EU goods and 25% tariffs connected alloy and aluminium and cars and car parts.

The U.S. has acceptable a 90-day negotiating model ending connected July 8 for a deal. Until then, tariffs connected astir EU goods are 10%, but the higher 25% rates connected steel, aluminium and cars.

"Negotiations betwixt EU and the U.S. are ongoing and we purpose to marque usage of this 90 time period... with the purpose of reaching a negotiated solution, which is our archetypal penchant arsenic we person been indicating," Dombrovskis said.

He noted that astatine the aforesaid time, the EU was preparing for a no-deal outcome. The European Commission projected past Thursday countermeasures connected up to 95 cardinal euros ($107 billion) of U.S. imports if negotiations with Washington neglect to region the bid of tariffs applied by U.S. President Donald Trump.

(Reporting by Jan Strupczewski; Editing by Toby Chopra)