Dutch international: European Union still has time to reach trade deal with US
2025-07-14 06:19:06
As European Union leaders prepare to respond to Mr. Trump's threat to impose 30 per cent tariffs on European imports, ING economists Carsten Brzeski and Inga Fechner wrote: "In his letter to Mr. Von der Leyen over the weekend, Mr. Trump said the tariffs would take effect on August 1. Three weeks is a long time." The European Union was right to wait for that deadline before pushing back against US imports of products such as steel. They told investors that the current situation "still leaves a lot of room for negotiation." "We can only repeat the previous view that there are no winners in a trade war, only losers." (Jin Ten)
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