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EU leaders try to out-bully Trump, floating world trade club without US

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Von Der Leyen says EU will be ready if US trade talks break down

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Von der Leyen hopes for EU-US trade deal but warns of challenges amid Trump tariffs

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"Assuming the full range of tariffs are implemented and there are no last minute opt-outs — a possibility that can’t be ignored given Trump's past reversals — the world is set for a full-scale trade war."

"US President Donald Trump has launched a global economic war without any allies."

"Trump's tariffs confirm the US has opened a trade war against NATO allies and Japan, South Korea and Australia."

"He [Trump] wants to go authoritarian and launch trade wars with everyone on earth."

"We're facing a global trade war that could send us [the US] into a recession."

"We are united in our belief that broad-based tariffs will impede economic growth, risk triggering a trade war, and inflicting long-term harm on the economy."

Will There Be a Global Trade War in 2025?

<span>German Chancellor Friedrich Merz endorsed the proposal, stating that if the WTO remains dysfunctional, those who believe in free trade must develop alternatives. The WTO has been effectively paralyzed since December 2019 when the US began blocking appointments to the Appellate Body, rendering the dispute settlement system non-functional.</span

German Chancellor Friedrich Merz endorsed the proposal, stating that if the WTO remains dysfunctional, those who believe in free trade must develop alternatives. The WTO has been effectively paralyzed since December 2019 when the US began blocking appointments to the Appellate Body, rendering the dispute settlement system non-functional.

<span>Von der Leyen described the initiative as potentially redesigning the WTO while learning from its shortcomings, emphasizing that free trade based on rules remains achievable with willing partners. When asked about US involvement, she noted that Americans left the CPTPP at a certain point, suggesting the US would not automatically be invited to the new arrangement.</span

Financial Post

Von der Leyen described the initiative as potentially redesigning the WTO while learning from its shortcomings, emphasizing that free trade based on rules remains achievable with willing partners. When asked about US involvement, she noted that Americans left the CPTPP at a certain point, suggesting the US would not automatically be invited to the new arrangement.

<span>The proposal comes as EU leaders face a July 9 deadline to reach a trade agreement with President Trump, who has threatened to impose 50% tariffs on EU goods if no deal is reached. Currently, most EU goods face 10% US tariffs, with higher rates on steel, aluminum, and automobiles already in place.</span

The proposal comes as EU leaders face a July 9 deadline to reach a trade agreement with President Trump, who has threatened to impose 50% tariffs on EU goods if no deal is reached. Currently, most EU goods face 10% US tariffs, with higher rates on steel, aluminum, and automobiles already in place.

<span>European leaders remain divided on how to respond to Trump's trade demands, with Germany favoring a quick deal to avoid escalation while France insists on balanced terms. French President Emmanuel Macron stated that if the US maintains 10% tariffs, the bloc would need to respond equivalently, saying Europe should not appear naive or weak.</span

European leaders remain divided on how to respond to Trump's trade demands, with Germany favoring a quick deal to avoid escalation while France insists on balanced terms. French President Emmanuel Macron stated that if the US maintains 10% tariffs, the bloc would need to respond equivalently, saying Europe should not appear naive or weak.

<span>The WTO crisis has prompted previous attempts at alternatives, including the Multi-Party Interim Appeal Arbitration Arrangement involving 57 members, though this covers only 57.6% of global trade. Major trade negotiations on fisheries subsidies and agricultural rules remain stalled due to entrenched positions from key members including the US, China, Japan, and the EU.</span

The WTO crisis has prompted previous attempts at alternatives, including the Multi-Party Interim Appeal Arbitration Arrangement involving 57 members, though this covers only 57.6% of global trade. Major trade negotiations on fisheries subsidies and agricultural rules remain stalled due to entrenched positions from key members including the US, China, Japan, and the EU.

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Von der Leyen touts EU-led alternative to mired WTO

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This European scheme looks like a desperate attempt to gang up on America while we're trying to fix unfair trade deals. The EU has been taking advantage of the US for years with their trade surplus and barriers to American goods. Instead of working with Trump to create balanced agreements, they're plotting with Asia to isolate America from global trade decisions.

<span>This European scheme looks like a desperate attempt to gang up on America while we're trying to fix unfair trade deals. The EU has been taking advantage of the US for years with their trade surplus and barriers to American goods. Instead of working with Trump to create balanced agreements, they're plotting with Asia to isolate America from global trade decisions.</span>

EU Proposes Asia Trade Alliance as WTO Alternative

EU Proposes Asia Trade Alliance as WTO Alternative

VonEU derProposes LeyenAsia toutsTrade EU-ledAlliance alternativeas toWTO mired WTOAlternative

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EU Proposes Asia Trade Alliance as WTO Alternative

VonEU derProposes LeyenAsia toutsTrade EU-ledAlliance alternativeas toWTO mired WTOAlternative

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Carr

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Ivey

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