Tariffs or not? How EU is dealing with US 'dealmaking'

"When the trade ministers of the so-called Group of Seven, or G7, nations met in Paris this week, they were supposed to be talking about the most pressing issues facing global trade, including critical minerals and the impact of the Iran war. Instead, the meeting was overshadowed by threats made by US President Donald Trump to impose a 25% tariff on imports of European vehicles."

"Trump made the threats earlier this week and has justified them by arguing that the European Union members France, Germany and Italy also belong to the G7 hasn't fulfilled its obligations under a previous US-EU tariff deal known as the Turnberry Agreement. The deal was struck at Trump's Turnberry golf course in Scotland and both sides agreed the US would only impose a maximum tariff of 15% on EU goods, while the EU would eliminate all tariffs on US industrial products."

"Sefcovic later said that he and Greer had "clearly concluded that it's important to respect the deal from Turnberry from both sides." That means that the EU must reduce tariffs on US exports as agreed and the US should return to the promised 15% tariff, Sefcovic said."

""It is true we are making progress in implementing the compromise we reached on a tariff agreement," Reiche told DW. She added that the issue of auto exports is a central one for Germany that she hoped would be resolved v"

Trade ministers from G7 nations met in Paris to address global trade issues, including critical minerals and the impact of the Iran war. The meeting was overshadowed by US President Donald Trump’s threat to impose a 25% tariff on imports of European vehicles. Trump justified the threat by claiming France, Germany, and Italy had not fulfilled obligations under the Turnberry Agreement. The agreement, reached at Trump’s Turnberry golf course in Scotland, set a maximum US tariff of 15% on EU goods and required the EU to eliminate tariffs on US industrial products. EU officials rejected the claim of noncompliance and said the deal must be respected. EU trade officials said they concluded both sides should honor Turnberry, with the EU reducing tariffs on US exports and the US returning to the 15% level.

Read at www.dw.com