Source: United States & Canada – South China Morning PostAs the European Union prepares to hold its summit with China ahead of the August 1 deadline to achieve a tariff deal with the United States, it is squeezed between two superpowers. Trump’s letter threatening the EU with 30 per cent tariffs suggests that his true negotiating stance is a minimum of 15-20 per cent general tariffs and an unwavering 25 per cent on auto tariffs. Given these harsh terms, could the summit with China strengthen the EU’s bargaining position with the US?
The EU fears an…Read More