EU scrambles to reply to US tariff menace as Trump guarantees ‘main assertion’ on Russia – Europe stay | World information
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Morning opening: EU scrambles to reply to Trump’s ‘prohibitive’ tariffs menace
Jakub Krupa
EU ministers are assembly this morning for pressing talks after the US president, Donald Trump, threatened to impose 30% tariffs on the bloc – regardless of what they believed had been promising talks with the US administration on tips on how to keep away from them.
However in a letter issued over the weekend, Trump stated:
“We’ve got had years to debate our Buying and selling Relationship with The European Union, and we’ve got concluded we should transfer away from these long-term, massive, and protracted, Commerce Deficits, engendered by your Tariff, and Non-Tariff, Insurance policies, and Commerce Boundaries …
Our relationship has been, sadly, removed from Reciprocal.”
Over the weekend, EU leaders, together with the French president, Emmanuel Macron, and the German chancellor, Friedrich Merz, led political reactions to the announcement.
As my colleague Lisa O’Carroll reported over the weekend, Macron stated the EU must be prepared for a commerce conflict and to face as much as the US president, who was solely final week anticipated to approve a ten% tariff settlement in precept with the bloc.
However the Italian prime minister, Giorgia Meloni, who enjoys good relations with Trump, stated in a press release she trusted “a good settlement” could possibly be reached. “It could make no sense to set off a commerce conflict between the 2 sides of the Atlantic,” she stated.
The EU commerce commissioner, Maroš Šefčovič, was way more blunt this morning.
Arriving for talks with EU international and commerce ministers, he stated:
Let’s be trustworthy, the thought of 30% tariff price is successfully prohibitive to the mutual commerce.
He added that such tariffs would make it “virtually inconceivable to proceed the buying and selling as we’re used to,” with provide chains on either side of the Atlantic “closely affected” by the change.
Šefčovič stated the bloc famous Trump’s letter with “remorse and disappointment,” however promised to interact additional together with his US counterparts on Monday to attempt to discover a manner out of this disaster, saying he “can not think about strolling away with out genuing effort.”
“I can be discussing with ministers the subsequent steps for the upcoming weeks.
I see these targeted on 4 areas: negotiations, rebalancing measures, engagement with like minded companions, and diversification of our commerce.”
Danish international minister Lars Løkke Rasmussen warned:
Our commerce relations with the US are on a important juncture.
Let’s see what the day brings right here.
We’re additionally anticipating important updates on Ukraine, with Trump promising a “main assertion” on Russia when Nato secretary basic Mark Rutte visits Washington at this time, which is anticipated to incorporate an announcement on much-awaited new Patriots missiles for Kyiv.
Trump’s Ukraine envoy Keith Kellogg is in Ukraine, and German defence minister Boris Pistorius can be in Washington.
It’s Monday, 14 July 2025, it’s Jakub Krupa right here, and that is Europe Dwell.
Good morning.
Key occasions
European markets fall after Trump tariff menace
Graeme Wearden
Donald Trump’s menace to impose a 30% on European Union imports from subsequent month is weighing on European inventory markets this morning.
Most of Europe’s markets have dropped in the beginning of buying and selling, pulling the pan-European Stoxx 600 index down by 0.6%.
Germany’s DAX has dropped by 0.95%, whereas France’s CAC 40 has misplaced 0.8%, Italy’s FTSE MIB index is sort of 0.9% decrease, and Spain’s IBEX is off 0.7%.
Buyers can be assessing the probabilities of the 2 sides reaching a deal by 1 August.
Comply with enterprise stay:
EU reacts to Trump menace – snap evaluation
Lisa O’Carroll
A present of unity is anticipated publicly with German chancellor Friedrich Merz saying he’ll work “intensively” with Emmanuel Macron, Ursula von der Leyen and Trump to try to rescue the settlement in precept that was placed on Trump’s desk final week involving tariffs of 10%.
Over the previous three months Germany has urged a fast UK type deal whereas Macron has favoured a more durable stance to face down Trump, given common tariffs earlier than his presidency had been 2.5% they usually breach WTO guidelines.
The EU’s continued and future reliance on the US for safety and defence is influencing the place with member states accepting a commerce off between enterprise and arms and army intelligence Trump supplies.
On Sunday, Merz advised the ARD broadcaster that a 30% tariff would “hit our exporters to the core” whereas the German automotive trade referred to as for a fast deal.
He stated he agreed with Macron, who stated on Saturday the EU needed to “step up the preparation of credible countermeasures” within the occasion of no deal earlier than 1 August.
In his assertion Saturday, Macron additionally urged the European Fee – which negotiates on behalf of all EU nations – to “resolutely defend European pursuits”.
Italy, one of many three nations together with Germany and Eire, that promote extra to the US than import stated a commerce conflict can be a catastrophe.
Italian prime minister Giorgia Meloni stated in a press release Sunday: “A commerce conflict throughout the West would weaken us all within the face of the worldwide challenges we’re confronting collectively.
The EU sees the specter of €21bn bundle of countermeasures imposed on 1 August as leverage.
“Europe has the financial and monetary power to say its place and attain a good and smart settlement,” she stated, a line underlined by Italy’s international minister Antonio Tajani at this time.
“Tariffs harm each one, beginning with the USA,” he stated.
If inventory markets fall that places in danger the pensions and the financial savings of the Individuals.
Trump’s Ukraine envoy arrives in Kyiv
Within the final hour, Trump’s Ukraine envoy Keith Kellogg arrived in Kyiv for talks on safety and sanctions towards Russia.
The pinnacle of the Ukrainian presidential administration, Andriy Yermak, already signalled that one thing was afoot over the weekend, posting on Sunday a side-eye emoji image suggesting an announcement was coming.
After Trump confirmed his intentions to ship extra Patriot missiles to Ukraine, Yermak added extra element disclosing Kellogg will participate in discussions on “defence, strengthening safety, weapons, sanctions, defending our individuals.”
Ukrainian president Volodymyr Zelenskyy individually stated that Kellogg can be given a army briefing and meet with the heads of the Safety Service of Ukraine and intelligence companies.
Trump guarantees ‘main assertion’ on Russia at this time
Talking in a single day, the US president, Donald Trump, stated he can be making “a significant assertion” on Russia on Monday.
We have no idea all the main points of what he’ll announce when it comes to assist for Ukraine, however he confirmed that the US “will ship them Patriots, which they desperately want.”
“We principally are going to ship them varied items of very refined army and they’re going to pay us 100% for them,” he stated, including it was good “enterprise for us.”
The announcement comes simply over per week after a short pause within the US army support deliveries for Ukraine, and days after Trump misplaced endurance with Russian president Vladimir Putin accusing him of speaking “bullshit.”
Individually, US lawmakers are engaged on a bipartisan invoice that will impose powerful sanctions on Russia.
Nato secretary basic, Mark Rutte, is in Washington on Monday so count on him to be concerned in all talks on each points.
Morning opening: EU scrambles to reply to Trump’s ‘prohibitive’ tariffs menace
Jakub Krupa
EU ministers are assembly this morning for pressing talks after the US president, Donald Trump, threatened to impose 30% tariffs on the bloc – regardless of what they believed had been promising talks with the US administration on tips on how to keep away from them.
However in a letter issued over the weekend, Trump stated:
“We’ve got had years to debate our Buying and selling Relationship with The European Union, and we’ve got concluded we should transfer away from these long-term, massive, and protracted, Commerce Deficits, engendered by your Tariff, and Non-Tariff, Insurance policies, and Commerce Boundaries …
Our relationship has been, sadly, removed from Reciprocal.”
Over the weekend, EU leaders, together with the French president, Emmanuel Macron, and the German chancellor, Friedrich Merz, led political reactions to the announcement.
As my colleague Lisa O’Carroll reported over the weekend, Macron stated the EU must be prepared for a commerce conflict and to face as much as the US president, who was solely final week anticipated to approve a ten% tariff settlement in precept with the bloc.
However the Italian prime minister, Giorgia Meloni, who enjoys good relations with Trump, stated in a press release she trusted “a good settlement” could possibly be reached. “It could make no sense to set off a commerce conflict between the 2 sides of the Atlantic,” she stated.
The EU commerce commissioner, Maroš Šefčovič, was way more blunt this morning.
Arriving for talks with EU international and commerce ministers, he stated:
Let’s be trustworthy, the thought of 30% tariff price is successfully prohibitive to the mutual commerce.
He added that such tariffs would make it “virtually inconceivable to proceed the buying and selling as we’re used to,” with provide chains on either side of the Atlantic “closely affected” by the change.
Šefčovič stated the bloc famous Trump’s letter with “remorse and disappointment,” however promised to interact additional together with his US counterparts on Monday to attempt to discover a manner out of this disaster, saying he “can not think about strolling away with out genuing effort.”
“I can be discussing with ministers the subsequent steps for the upcoming weeks.
I see these targeted on 4 areas: negotiations, rebalancing measures, engagement with like minded companions, and diversification of our commerce.”
Danish international minister Lars Løkke Rasmussen warned:
Our commerce relations with the US are on a important juncture.
Let’s see what the day brings right here.
We’re additionally anticipating important updates on Ukraine, with Trump promising a “main assertion” on Russia when Nato secretary basic Mark Rutte visits Washington at this time, which is anticipated to incorporate an announcement on much-awaited new Patriots missiles for Kyiv.
Trump’s Ukraine envoy Keith Kellogg is in Ukraine, and German defence minister Boris Pistorius can be in Washington.
It’s Monday, 14 July 2025, it’s Jakub Krupa right here, and that is Europe Dwell.
Good morning.
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