No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 2, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

EU chief offers US ‘zero-for-zero’ pact

by TheAdviserMagazine
6 months ago
in Business
Reading Time: 2 mins read
A A
EU chief offers US ‘zero-for-zero’ pact
Share on FacebookShare on TwitterShare on LInkedIn


Luxembourg: The European Union said on Monday it would start collecting retaliatory duties on some imported US goods next week, as EU trade ministers agreed they preferred negotiations to remove tariffs imposed by President Donald Trump over retaliation.

The 27-nation bloc faces 25% import tariffs on steel and aluminium and cars and “reciprocal” tariffs of 20% from Wednesday for almost all other goods under Trump’s policy to hit nations he says impose high barriers to US imports. Ministers overseeing trade met Monday in Luxembourg to debate the EU’s response, as well as discuss relations with China. Many said the priority was to launch negotiations and avert an outright trade war.

“We need to remain calm and respond in a way that de-escalates. The stock markets right now show what will happen if we escalate straightaway. But we will be prepared to take countermeasures if needed to get the Americans at the table,” Dutch trade minister Reinette Klever told reporters.European Commission President Ursula von der Leyen told a press conference in Brussels that the EU stood ready to negotiate a “zero-for-zero” tariff pact for industrial goods.

“Sooner or later, we will sit at the negotiation table with the US and find a mutually acceptable compromise,” EU Trade Commissioner Maros Sefcovic told a news conference. He also said the EU would start would start collecting a first tranche of targeted retaliatory duties on US imports from April 15 and a second wave from May 15, in reaction to the US tariffs on European steel and aluminium.

Live Events

Maros made clear that while preferring to negotiate the removal of the tariffs with the US, the EU was ready to step up its reply.

Anti-coercion instrument

This could include the EU’s Anti-Coercion Instrument (ACI), which would allow it to target US services or to limit US companies’ access to public procurement tenders in the EU. “We are prepared to use every tool to protect single market,” he said, echoing the views of French trade minister Laurent Saint-Martin.But some EU countries, particularly exposed to trade with the United States, urged caution. Irish foreign minister Simon Harris described the ACI as “very much the nuclear option” and said he believed most EU countries were not ready to go near it, at least for now. Outgoing German economy minister Robert Habeck said the EU should realise it was in a strong position – if it was united.

Non-tariff barriers

Meanwhile, White House trade adviser Peter Navarro said the EU will need to lower its non-tariff barriers, including those created by value-added taxes, if it wants to reach a deal to lower US tariffs.



Source link

Tags: chiefofferspactzeroforzero
ShareTweetShare
Previous Post

Bond managers cite tax savings amid tumbling stocks

Next Post

IRS Roundup March 15 – March 28, 2025

Related Posts

edit post
PepsiCo’s new challenge: Making its chips and sodas colorful without artificial dyes

PepsiCo’s new challenge: Making its chips and sodas colorful without artificial dyes

by TheAdviserMagazine
October 2, 2025
0

Pepsi has a new challenge: keeping products like Gatorade and Cheetos vivid and colorful without the artificial dyes that U.S....

edit post
What CEOs are saying about the government shutdown

What CEOs are saying about the government shutdown

by TheAdviserMagazine
October 2, 2025
0

Good morning. I was talking to a CEO over the phone yesterday about the potential business impact of a government...

edit post
Sign of the times as Swiss buy euros, not dollars

Sign of the times as Swiss buy euros, not dollars

by TheAdviserMagazine
October 2, 2025
0

The Swiss National Bank may be a special case, but if you were looking for a switch in the behavior...

edit post
Lyft CEO on the time Bill Gates told him he was making ‘the stupidest decision I’ve ever heard anyone made’

Lyft CEO on the time Bill Gates told him he was making ‘the stupidest decision I’ve ever heard anyone made’

by TheAdviserMagazine
October 1, 2025
0

Before David Risher was tasked with scripting a “comeback story” for ride-sharing company Lyft, he made a career move so...

edit post
The rise of the bro co-CEO

The rise of the bro co-CEO

by TheAdviserMagazine
October 1, 2025
0

Yesterday, Spotify founder and CEO Daniel Ek announced that he’ll be stepping down in the new year. Two of his...

edit post
Stripe is already a payments colossus. Now it wants to make stablecoins the backbone of global commerce

Stripe is already a payments colossus. Now it wants to make stablecoins the backbone of global commerce

by TheAdviserMagazine
October 1, 2025
0

Last October, the payments giant Stripe announced a blockbuster $1.1 billion acquisition of Bridge, a little-known startup focused on the...

Next Post
edit post
IRS Roundup March 15 – March 28, 2025

IRS Roundup March 15 – March 28, 2025

edit post
‘China’s GDP faces risk of falling by 2-2.5 percentage points’

'China's GDP faces risk of falling by 2-2.5 percentage points'

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Shekel gains sharply amid optimism on Trump plan

Shekel gains sharply amid optimism on Trump plan

0
edit post
James Comey Is Not an Innocent Victim of the Lawfare He Helped to Create

James Comey Is Not an Innocent Victim of the Lawfare He Helped to Create

0
edit post
XRP Falls 2.3% As Ripple CTO David Schwartz Exits

XRP Falls 2.3% As Ripple CTO David Schwartz Exits

0
edit post
Why American Workers Are ‘Coffee Badging’ Their Way Through Hybrid Jobs

Why American Workers Are ‘Coffee Badging’ Their Way Through Hybrid Jobs

0
edit post
Wall Street sets more records, but bond yields drop following discouraging data on the job market

Wall Street sets more records, but bond yields drop following discouraging data on the job market

0
edit post
Rate Cuts are Officially Here—But That Brings It’s Own Risks and Rewards

Rate Cuts are Officially Here—But That Brings It’s Own Risks and Rewards

0
edit post
James Comey Is Not an Innocent Victim of the Lawfare He Helped to Create

James Comey Is Not an Innocent Victim of the Lawfare He Helped to Create

October 2, 2025
edit post
PepsiCo’s new challenge: Making its chips and sodas colorful without artificial dyes

PepsiCo’s new challenge: Making its chips and sodas colorful without artificial dyes

October 2, 2025
edit post
What CEOs are saying about the government shutdown

What CEOs are saying about the government shutdown

October 2, 2025
edit post
Why American Workers Are ‘Coffee Badging’ Their Way Through Hybrid Jobs

Why American Workers Are ‘Coffee Badging’ Their Way Through Hybrid Jobs

October 2, 2025
edit post
Report: The Financial Landscape of Sub-Saharan Africa

Report: The Financial Landscape of Sub-Saharan Africa

October 2, 2025
edit post
Sign of the times as Swiss buy euros, not dollars

Sign of the times as Swiss buy euros, not dollars

October 2, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • James Comey Is Not an Innocent Victim of the Lawfare He Helped to Create
  • PepsiCo’s new challenge: Making its chips and sodas colorful without artificial dyes
  • What CEOs are saying about the government shutdown
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.