Recently, relations between the United States and the European Union have changed significantly. U.S. president Donald Trump decided to introduce fresh customs duties on European goods, which resulted in an increase in tension in commercial relations between the 2 parties. However, as it turns out, president Trump does not regulation out the withdrawal of any US troops from Europe, which could be the subject of trade negotiations.
As of July 2022, The European Union is 1 of the largest trading partners in the United States, with trade turnover of over $640 billion. However, as president Trump emphasises, the United States pays for the military in Europe without receiving besides much reimbursement. This is 1 of the main reasons why president Trump is considering withdrawing any troops from Europe.
Trade negotiations: a fresh phase
president Trump welcomed the fact that the European Union did not immediately decide to introduce retaliatory duties in consequence to the fresh US duties. The 25% retaliatory duties were due to enter into force in mid-April, but the EU decided to refrain from imposing duties immediately. This, according to president Trump, is simply a affirmative signal that can open the way for fresh trade negotiations.
According to data from 2022, the United States has more than 62,000 troops stationed in Europe, mainly in Germany, Italy and the United Kingdom. president Trump suggests that the withdrawal of any of these troops could be the subject of trade negotiations. Economists estimation that withdrawing troops from Europe could save more than $10 billion a year.
International security: priority
president Trump besides stressed the request for a "fast" reaching a ceasefire in Ukraine, as well as the conclusion of an agreement on Iran's atomic programme. According to UN data, the conflict in Ukraine has caused the deaths of over 13,000 people, and Iran's atomic programme is simply a major threat to global security. president Trump assured that he would not let Iran to get atomic weapons, which is simply a precedence for the United States Administration.
It is worth noting that, according to analysts, a fresh phase of trade negotiations between the United States and the European Union could benefit both parties. Economists anticipate that a fresh trade agreement can increase economical growth in both regions and contribute to global security.
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US-Europe relations: a fresh phase in negotiations
