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EU ministers criticize US-UK trade deal

EU trade ministers criticized ‍the recent UK-US agreement and warned that the bloc may ⁣consider‌ retaliatory measures⁤ against Washington if it‌ fails to secure more favorable terms.

According to webangah ​News Agency, EU trade ministers have⁣ voiced criticism of the recent UK-US trade deal, cautioning that the bloc⁢ could impose countermeasures⁢ against​ washington unless⁣ better​ terms are achieved.

The reaction ⁣follows last‌ week’s‍ limited agreement⁢ between U.S. President Donald Trump and British ⁣prime Minister ‍Keir Starmer. The ⁢deal‌ maintains a 10% baseline tariff on UK exports to ​America while partially reducing ‍higher tariffs on steel and automotive ⁣sectors.

Trump has imposed a series of tariffs targeting European automakers and‍ metal producers. On April 2, he announced plans for steep tariff increases on all ⁣EU imports before temporarily reducing them to 10% for 90 days to allow negotiation time.

“If what Britain got is what Europe gets⁤ too, then ‌the​ U.S. should expect retaliatory actions from us,” Swedish trade ⁤Minister Benjamin Dusa told reporters in Brussels ahead of Thursday’s EU trade⁣ ministers meeting.

Dusa argued the deal barely qualifies as a “trade agreement,” noting that “the 10% baseline tariff ‍remains firmly in place.”

French Trade Minister Laurent Saint-Martin urged caution, stating the EU⁢ shouldn’t consider merely maintaining reciprocal⁣ tariffs at 10% as ⁤inherently “good news.”

Polish representative Michał Baranowski said the bloc would be “dissatisfied” with similar terms as Britain’s,adding: “I believe we can achieve a better deal then‌ accepting these relatively high tariffs.”

The European Commission last week outlined potential countermeasures targeting ​up to €95 billion ($106 billion) worth ​of U.S. goods should negotiations with Washington reach an ‍impasse.

News Sources: ©⁢ webangah‌ News Agency,Tasnim News Agency,RIA Novosti
English channel of the webangah news agency on Telegram
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