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US-EU trade imbalance reaches breaking point with Trump’s July 9 ultimatum - current-scope.com
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US-EU trade imbalance reaches breaking point with Trump’s July 9 ultimatum


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President Donald Trump threatened 50% tariffs for all imports From the European Union if a trade agreement cannot be achieved by July 9th. The most recent decision by the Court of International Trad is probably not the efforts of Trump, given the large number of gaps and a possible reverse of the Supreme Court. The outcry from Europe is loud and multilingual – and we have to ignore it.

At the beginning of my term as an ambassador in the EU during Trump’s first term in office, I invited members of the European Round Round table for lunch. I asked these CEOs from the largest companies in Europe whether they owned ownership in the United States, everyone said yes. “But how do you eat in America?” I asked. “What do you drive? Do you bring your cars and food with you?” They laughed and said that the reluctance for our products has nothing to do with us food or production. That these closed doors are European Protectionism. In short, our cars are reliable, our vegetables are healthy, they just want to win.

When it comes to the trade, they have won for decades and that has to change.

Trump’s difficult policy is urged in Great Britain to significantly expand trade and defense

When Trump spoke to the EU chief Ursula von der Leyen on May 25, she called her conversation with him, a “good call”, and promised that “Europe is ready to get the talks quickly and determined.”

European Parliament in Brussels

The United States has a long story with the EU and therefore the Americans expect a fair deal of them. File: Flags from the 27 countries of the EU fly in the wind in front of the European Parliament on April 5, 2025 in Brussels, Belgium. (Thierry Monasse/Getty Images)

What the two mean in conversation is that the USA now ask them to dig deep into their red lines when it comes to us. Europe Loves a show without result. I know what it is like to negotiate with them you can move more slowly than a French escargot and the result is also escargot size. It is beautiful. It is cosmetic. It is meaningless.

We have often come to trade talks, and managers like the Leyen ask more time and promise that they get serious. The reality is that they have meetings, but they will refuse to eliminate or even stir their red lines for trade for the United States. You have to.

Musk says

America deserves to be treated differently As every other trading partner, and this also counts in terms of China. If we want to absorb the weapons, the EU has to fall back on sanctions. We want the EU to fall in its block in the countries that are active in their own interest instead of contributing to the economic interests of the alliance. We deserve mutuality in the trade in profound and material concessions.

The USA Trade deficit with the EU Balloning. It rose from $ 45 billion to 235 billion US dollars in 2024 in 1999. If we include services last year, the trade deficit is only reduced to $ 161 billion.

US president from Clinton to Trump were beaten with considerable EU trade resistance. They were not ready to admit, even under one -sided pressure, which they perceived as an over -control of the United States and always chosen for multilateral solutions – such as the reinforcement of the WTO – in order to find perceived stability and predictability.

When Trump recently said: “You have treated us very badly over the years,” he was just right.

Some countries aimed at Trump tariffs are looking for negotiations. China says: “No winners in trade wars”

1999, when President Bill Clinton was busy with the “Banana Wars”, argues that American fruit importers should have Free access to the EU market, The total US global global Trade deficit Was with a record of almost $ 170 billion at that time, with over $ 43 billion from the EU. In 2002 George W. Bush imposed steel tariffs in a year in which our trade deficit with the EU had increased to 86 billion US dollars. During Trump’s first term, our trade deficit from $ 151 billion rose to $ 182 billion in 2020 in 2017. Now at 235 billion US dollars you can understand why it is angry.

Trump doesn’t negotiate, he is fatally serious. He wants an appropriate proportion of your market and the EU to treat us completely differently than any other trading partner because we deserve it. America has provided for as long not only from a decades of retail weight, but from the security guarantee. You have to get over your strict surveillance VAT, Health and digital regulations and make decisions that reflect our common history.

Donald Trump speaks at America Festival

President Donald Trump criticized the constantly growing trade deficit with Europe. File: Trump speaks on Sunday, December 22, 2024, in Phoenix on Sunday, December 22, 2024. (AP Photo/Rick Scuctors)

Trump makes something strong and immediate when the EU is preparing to play a rope with us again. He says you can have all your regulations and juicy red European tomatoes, but you have to pay 50% tariffs. Is that really worth it?

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Europeans should be exposed to American products. Trump does not force anyone to buy him just to have access. If the way Americans do, do not hit European taste or sensitivity, let the market speak for themselves. And vice versa. Everything we ask is a fair shot.

Which countries show the USA the highest tariffs?

I predict that the EU will roll us again through its organic, well -kept gardens. I think Trump predicts this too. July 9th will penetrate the EU without significant concessions, which forces the president to impose considerable tariffs. They will cause extreme pain on both sides, but negotiations between us are like breaking a horse. Trump is bound and determined not to bend her knee, but to treat us differently than other trading partners. And if you do it, we’ll listen for sure. If Americans like European products better than ours. American manufacturers have to find out.

Ballooned the US trade deficit with the EU. It rose from $ 45 billion to 235 billion US dollars in 2024 in 1999. If we include services last year, the trade deficit is only reduced to $ 161 billion.

The new adaptation of the trade weight is not a lot of money in the large scheme of things, but it is a sign of gratitude and respect for what the United States has done in the past 80 years. Many Europeans still claim that the Marshall plan is used by the United States for the Europe’s and our sponsored. That is absurd.

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Think about it. When two friends, a richer, a poorer, go to dinner regularly and the richer you always pay, that makes sense. If the poorer friend has to be operated on and the richer you offer to cover it, this still makes sense. Yours is an estimated sensible friendship. But if one day the poorer friend gets into prosperity and has the opportunity to help the person who has consistently supported him for decades and then refuses, there is a major problem.

The USA and the EU are these two friends. Nobody wants this relationship to crumble, and all eyes are on the EU because the world knows how long the United States has recorded the check. We ask a friend to pay for you because it is easy to pay.

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