US TO SLAP EU WITH SHOCKING 17% FOOD TARIFF!

US threatens EU with 17% tariff on food exports

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TRUMP THREATENS EUROPE WITH DEVASTATING 17% TARIFFS!

Brace Yourself, Europe! The Trade Wars Are Heating Up As Trump Takes Aim at Your Exports!

In a jaw-dropping twist to the already explosive trade spat with the EU, the US has issued a gut-wrenching warning: a staggering 17% tariff on European agricultural exports could be on the table! Sources close to the situation report that this shocking development comes just as Trumpโ€™s July 9 deadline looms over negotiations.

Tension Rises as Trump Slashes Tariffs, Then Throws Down the Gauntlet!

Back in April, Trump slapped a whopping 20% "reciprocal" tariff on EU goods, only to slash it to 10% temporarily to allow for talks. But hold onto your hats, because now the stakes are sky-high! EU officials were caught completely off guard, believing they’d be able to keep existing tariff levels.

Whatโ€™s hidden behind this latest power play? Itโ€™s anyoneโ€™s guess! The burning question remains: will this new 17% be an addition to the existing tariffs, or does it knock them out entirely? The EU is scrambling to decipher the implications!

EU in a Bind: Can They Hold Their Ground Against Trump’s Demands?

Trump is throwing down demands like confetti, insisting that Brussels must bend to his willโ€”granting US companies sweeping exemptions from their pesky regulations and slashing their infamous trade surplus! But shockingly, EU officials have flat-out rejected his audacious proposals regarding both exemptions and food tariffs!

In a desperate race against time, the EU is pushing for carve-outs on certain products, eyeing exclusions for aircraft parts and spirits. Yet, despite a frantic effort to craft a five-page "agreement in principle," progress has stalled to a crawl!

Chaos in Brussels! Can Europe Stand United Against the US Trade Bully?

Ursula von der Leyen, the European Commission President, is crossing her fingers for ongoing negotiations, but Washington is applying intense pressure for concrete agreements by Trumpโ€™s deadline. Meanwhile, the EU is teetering on the edgeโ€”some member states are gunning for retaliation, while others are eager to get a deal, no matter the cost!

In the eye of the storm, German Chancellor Friedrich Merz is pushing for quick exemptions to avoid Trump’s suffocating sectoral tariffs of 25% on vehicles and a jaw-dropping 50% on steel. But as whispers of resistance grow, several EU ambassadors have demanded a stronger stance against Washingtonโ€™s bullish tactics!

The Countdown Is On: July 14 Could Be a Financial Tsunami!

With the EU gearing up to hit back, member states are primed for possible counter-tariffs on a jaw-dropping โ‚ฌ21 billion of US exports starting July 14! And that’s just the beginningโ€”an immense โ‚ฌ95 billion package is in the works, potentially slapping tariffs on US aircraft and food products!

A commission spokesperson summed it up perfectly: โ€œWe are prioritizing negotiations with the US… But make no mistake, weโ€™re preparing for a showdown if this deal goes south!โ€

Stay Tuned! The Trade War Drama Unfolds!

As tensions simmer and allies turn on each other, the White House remains silentโ€”will they rise to the challenge, or buckle under pressure? The world is watching as one of the most explosive trade battles in history threatens to erupt. Buckle up, folksโ€”this ride is far from over!

photo credit: www.ft.com

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Source: USD @ Sat, 5 Jul.