K. Budrys: I hope we will not get involved in another escalation with the US over tariffs
Lithuanian diplomat K. Budrys expresses hope that the US will adhere to last year's tariff agreement, avoiding further escalation.
K. Budrys, a Lithuanian diplomat, shared concerns on Monday regarding a potential escalation in tariff disputes with the United States, during a press briefing in Brussels. He emphasized that Lithuania expects the US to honor the agreement reached in August of the previous year, which was the result of extensive negotiations and struggles within both the European Parliament and US legislative processes. Budrys believes this agreement is crucial and should be upheld without needing to revisit negotiations.
Budrys pointed out that the ruling of the US Supreme Court should not influence the already established agreement between the European Union and the US. He underscored the importance of the previous year's deal, stating that it required significant effort to reach consensus, and reiterated that both sides should respect the commitments made. He is hopeful that the processes in the US will be finalized accordingly, allowing for the agreement to be implemented without further complications.
The ambassador’s remarks reflect a broader concern among EU members regarding trade relations with the US, especially given the complex nature of international agreements. There is an underlying anxiety about the unpredictability of tariff negotiations and how they could impact transatlantic relations. Budrys’ commentary highlights the need for stability in trade agreements to foster economic cooperation and mutual growth between the EU and the US. Any failure to maintain these agreements could lead to renewed tensions and trade wars, which both Lithuania and its EU partners are keen to avoid.