#eu-trade

#eu-trade

The Summer Economic Statement outlines a budget package of €9.4 billion, highlighting ongoing uncertainties including Brexit, COVID-19, and the war in Ukraine.

EU trade chief Maros Sefcovic expressed optimism about ongoing trade negotiations with the US despite President Trump's announcement of 30% tariffs on imports from the EU and Mexico.

Trump has suggested an 80% tariff on Chinese goods, a significant reduction from the 145% imposed last month, but still makes imports expensive.