U.S.
Trump Intensifies Trade Pressure Amid Clashes with China and Europe
Jun
President Donald Trump is doubling down on efforts to secure new trade agreements, but talks with China and Europe remain deadlocked. The escalation of tariff threats and a breakdown in communications have further strained diplomatic relations.
Friction with China Over Strategic Elements
Beijing accused Washington of sabotaging a recent tariff truce and warned of possible retaliation. The White House criticized China for delaying the removal of export restrictions on rare earth elements, which are vital to the interim deal. In response, Trump is seeking to schedule a call with Xi Jinping, though Beijing has yet to confirm its willingness to engage.
Europe Threatens Retaliation Over New Tariffs
The European Union reiterated its intention to impose countermeasures if Trump proceeds with his proposed 50% tariff on steel and aluminum. The European Commission warned that such a move would jeopardize efforts to lower trade barriers and confirmed it is ready to act if no agreement is reached.
Tough Strategy, Modest Results
Trump defends tariffs as a tool to redefine global trade. During the 90-day truce that began on April 2, he has achieved limited progress, including a preliminary framework with the United Kingdom. However, other promised deals have yet to materialize.
Japan and U.S. Move Toward Trade Agreement Tokyo Urges Tariff Removal Before July
Japan and U.S.: Japan’s trade envoy, Ryosei Akazawa, stated that negotiations with the Trump administration…
Official Optimism Despite Mounting Obstacles
Despite the deadlock, the administration maintains an optimistic tone. Spokeswoman Karoline Leavitt stated that Trump’s firm stance has brought the EU back to the negotiating table and emphasized that ongoing talks are taking place with several countries interested in fair deals.
Legal Challenges Threaten Trade Agenda
The U.S. Court of International Trade ruled that a significant portion of the tariffs were imposed illegally, though an appeals court has temporarily stayed the decision. If upheld, the ruling would represent a major setback for Trump’s economic strategy.
Economic Impact and Next Steps
U.S. Trade Representative Jamieson Greer is scheduled to meet with his European counterpart in Paris this week, and a potential Trump-Xi phone call could help break the deadlock. Meanwhile, markets show signs of unease: European stocks fell, and U.S. manufacturing indicators dropped to 16-year lows.
Measures Against China Intensify Conflict
Washington announced new restrictions on Chinese students, chip design software, aircraft engines, and shipments to Huawei. Treasury Secretary Scott Bessent suggested that only a direct conversation between Trump and Xi could unlock the trade crisis: “Once they speak, the path forward will open,” he stated.
