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Rubio says US Plans New Trade Negotiations After Tariff Imposition
US to Engage in Bilateral Trade Talks
The United States will enter bilateral negotiations on new trade arrangements after imposing tariffs on major trading partners, according to Secretary of State Marco Rubio.
New Tariffs on European Alcohol Imports
President Donald Trump announced plans to impose a 200% tariff on wine, cognac, and other alcoholic beverages from Europe. This move marks an escalation in the global trade conflict, which has unsettled financial markets and raised concerns about a potential recession.
Fairness and Reciprocity in Trade
Rubio emphasized that the tariffs are not targeted at specific countries but are part of a broader effort to ensure fairness. “This is global. It’s not against Canada, it’s not against Mexico, it’s not against the EU—it’s everybody,” he stated.
Resetting the Trade Baseline
The U.S. aims to establish a new trade standard before negotiating new deals. “We don’t like the status quo. We are going to set a new status quo, and then we can negotiate,” Rubio said. He did not provide specifics on potential trade agreements but underscored the need for a fairer system.
“Rubio says US Plans New Trade Negotiations After Tariff Imposition”