Seymour Flops
Diamond Member
EU offered ‘zero-for-zero’ deal to US weeks before tariff announcement
Cars and other goods were to be included, according to EU trade commissioner, who says offer is still on table
www.theguardian.com
The EU has said it offered the US a “zero-for-zero” tariff deal on cars and industrial goods weeks before Donald Trump launched his trade war, but that it would “not wait endlessly” to defend itself.
Maros Šefčovič, the EU commissioner for trade, said he had proposed zero tariffs on cars and a range of industrial goods, such as pharmaceutical products, rubber and machinery, during his first meeting with the US commerce secretary, Howard Lutnick, on 19 February.
Musk calls for 'zero tariff situation' between US and Europe, slams Trump trade adviser
Speaking to a group of conservative Italian politicians, Elon Musk on Saturday called for a "free trade zone" between Europe and North America.
www.usatoday.com
Musk made the comments, which run counter to the sweeping tariffs Trump promised last week to impose on all U.S. trading partners, including European nations, to a group of Italian conservative politicians on Saturday.
"At the end of the day, I hope it's agreed that both Europe and the United States should move ideally, in my view, to a zero tariff situation, effectively creating a free trade zone between Europe and North America," the tech billionaire told Matteo Salvini, the leader of Italy's right-wing League Party.
Trump Adviser Says Countries Offering Zero Tariffs Isn’t Good Enough
Peter Navarro is moving the goalposts on Trump’s “retaliatory” tariffs.
newrepublic.com
“When they come to us and say, ‘We’ll go to zero tariffs,’ that means nothing to us because it’s the nontariff cheating that matters,” Navarro said, by which he meant the routing of Chinese products through Vietnam, intellectual property theft, and a value-added tax. Later, though, Navarro conceded that zero tariffs would be a “small first start.”
To me it seems intuitively the best situation. But as you can see above, there are some roadblocks and conditions, so it may never come about.
But I'd say, the fewer tariffs the better, which would benefit the best producers as well as the consumers.
But I'm no expert. What say you?
