The US Demands EU to Make Unbalanced Trade Concessions, Risking EU Retaliation

BlockBeats News, June 21st: In the US-EU trade negotiations, the United States has requested the European Union to make unilateral concessions that appear unbalanced to EU officials. If the terms of a potential agreement are not improved, the EU will face a difficult decision on whether to take retaliatory measures. According to sources familiar with the matter, the best-case scenario is still to reach an agreement on principles to allow the negotiations to continue after the final deadline in early July.

The demands from the Washington side can be classified into three categories: the first category involves measures related to fish export quotas, which EU officials say may be inconsistent with WTO rules. The second category consists of non-reciprocal tariff-related measures. The third category includes a series of economic security demands that EU officials have described as far-fetched associations.

Sources indicate that even if an agreement is reached, many of Trump's tariffs will remain unchanged. The EU has been seeking a mutually beneficial agreement, and it will assess any final outcome and decide at that stage the extent of inequality it is willing to accept—if any. (FX678)