Good morning. News to start: the EU refuses to sign a joint statement about the climate that China proposes this month at a planned top, unless Beijing promises more efforts to reduce its emissions.
Today my colleagues report on the internal EU divisions about how to respond to the demands of Donald Trump when his deadline for a deal looms up, and I explain why Ursula von Der Leyen will win a mood in parliament this week, but this week the long-term support of the House is slowly losing.
Consideration
This week, the EU faces an important choice between swallowing higher rates to prevent a complete trade war with Washington, or to take revenge to exert the US pressure to make a compromise, to write Barbara Moens And Andy Bounds.
Context: Wednesday is the endangered deadline for a trade agreement between the two trade giants, after almost three months of negotiations to prevent the endangered 50 percent rates of Donald Trump on EU goods next week.
Yesterday, the American Minister of Treasury Scott Bessent warned that American rates for import from some countries will go back “Boomerang” will return to the steep levels that were established by Trump in April, unless they quickly offer concessions and deals with Washington.
Ursula von der Leyen, the President of the European Commission, contacted European leaders during the weekend to get guidance on whether she should accept a deal with some higher rates, which many prefer or increase pressure on the US. The committee leads the trade negotiations on behalf of the block.
Last week Von der Leyen said that she hoped for an agreement in principle that would enable the parties to continue to negotiate a final deal.
With time, the block is still divided over the best strategy to deal with Trump. A number of countries, especially those which are highly dependent on exports such as Ireland, Germany or Hungary, are for a fast deal.
While the two parties are talking, the so-called sectoral rates of 25 percent for cars and car parts, and 50 percent for steel and aluminum, remain appropriate, as well as a rate of 10 percent on most other imports.
The German Chancellor Friedrich Merz, who is under pressure from German industry that suffers from the measures, said last week that “it is better to achieve a fast and simple solution than a long and complicated agreement that stays on the negotiating table for months”.
Other countries, including France and Spain, are skeptical about accepting a deal only because of it.
They claim that the EU, with its 450mn consumers, should have economic self-confidence to stand up against Trump and to use its trade defense arsenal to hit back as Washington refuses to close a fair deal.
Chart du Jour: threatening crisis
Problems are brewing in Bosnia and Herzegovina, exactly three decades after the Srebrenica massacre.
Warning shot
Ursula von der Leyen will be confronted this week with the first no-controversial vote in a President Commission for more than ten years, with a foregone conclusion but unclear consequences.
Context: brought by a Romanian extreme right-wing MEP that secured the necessary 72 signatures in the European Parliament, the censorship voice is apparently about the handling of private SMSs of von der Leyen exchanged with a pharmaceutical CEO during the Covid Pandemic.
The vote, which will take place on Thursday after a personal debate in the Chamber of Strasbourg later today, will almost certainly fail. The largest parties have said they will support her; Few want to be associated with those who defend the motion.
But many legislators who will voices to support Von der Leyen are still looking forward to making her in today’s debate, and hope that she will only interpret the staging of the mood as a clear shot about her bows: a warning signal for a leader who has thinned her strong leadership of the EU director of the EU Course to the spirit to be the spirit to be the pronector to be the pronecturer to be the pronecturer to be the pronecturer to be the pronecturer to be the pronecturer to be a pronecturer-pronector to be the pronecturer-pronector to be a prospect of pronecturus. Laws.
Little love has been lost between the parliament and Berlaymont from von der Leyen. Many EP -members see its regime as a distant and negative for the legislative power of the block. High Commission officials, in turn, believe that the Chamber is unproductive, obstructive and self -glorifying.
For example, Von der Leyen’s decision to use the emergency powers that circumlassify the parliament to the recent loans for the poor of € 150 billion, has activated a movement of the Chamber to take legal action against the committee.
Moreover, the increasing use of supporting hard-itight parties to penetrate legislation is the ties between the coalition of center rights, liberals and socialists who have voted her in power.
EP -members will not bring down the von der Leyen committee this week. But they will send her a few loose memories that it is a lot harder to run the EU if you choose to do it while you choose a fight with parliament.
What to view today
-
European Parliament Plenary Meeting session Starts in Strasbourg.
-
Eurogroup comes together.
Read this now
-
Infection risk: Liechtenstein has launched a Task Force for emergencies to tackle a crisis of “Zombie” trusts related to rich Russians.
-
‘Clear threat’: Independent music labels have warned the EU that Universal’s Deal of $ 775 million would jeopardize competition for the city center.
-
Rashomon -effect: The global economy at the same time suffers from as many market -moving vectors in the game.
