If the Republican candidate returns to the White House, Brussels will offer a quick deal then threaten retaliation against tariffs
Brussels is developing a two-step trade strategy to deal with Donald Trump, offering the Republican a quick deal if he wins a second term as president, and targeted retaliation if he opts for punitive tariffs instead. EU officials see the carrot-and-stick approach as the best response to Trump’s pledge to impose a 10 per cent minimum tariff, which they estimate could reduce EU exports by around €150bn annually.
” The Latvian called for a “co-operative approach” and said Brussels was open to “targeted deals” to reduce the €156bn trade deficit in goods. During Trump’s first term, Brussels initially cut a deal on lobsters, a staple of the state of Maine, which Trump hoped to win in the 2020 presidential race. It had already returned a rare Republican governor and representative in 2016.
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