The European Union plans to impose additional rates on approximately $ 113 billion in American goods if the negotiations with President Trump prove to be without success.
The United States put A price of 25% on all steel, aluminum and European cars, plus a price of 10% for almost all European goodsThis could reach 20% once President Trump's 90 -day break ends on July 8.
The European Union promises to reject unfair trade agreements with the United States
On Tuesday, the European Union said they would not bow to pressures and do not accept an unjust pricing agreement with the United States.
European Commerce Commissioner Maros Sefcovic argued that the Commission is not “weak” and will therefore accept no unfair agreement.
He added that they planned to use the break period to offer more rebalancing measures. He also insisted that the United States had to show that it is ready to conclude an objective agreement.
He commented: “All the options remain on the table here […]. Although the EU's clear preference was to negotiate a solution with the United States, he said Washington now needed to show his will to progress to a just and balanced agreement. »»
However, the American import samples should not be justified and will only harm economic on both sides of the Atlantic.
The European Union has said that current American prices affect 70% of its exports to the United States and estimate that it could easily increase to 97%, or around 549 billion euros, after new American surveys on pharmaceutical, semiconductor and other products.
EU to share reprisal measures with member states by Wednesday
The European Union plans to impose additional tariffs of around 100 billion euros, or around $ 113 billion, if negotiations with the United States fail. The block had clearly indicated that he did not want a tit-tray prices, but if the discussions give no results, it aims to maximize pain for the United States with new samples while ensuring that their supply chains are the least affected.
According to people familiar with the case, the Commission is expected to disclose the reprisals proposed to the Member States on Wednesday, followed by a one -month consultation period before the final approval.
The European Commission, the executive power of the trade-in-trade agency, should also share a document with the United States to try to start negotiations, which prevented the reduction of trade and non-tariff obstacles and increased investments in the United States.
The EU had previously extended an offer to eliminate all tasks on industrial goods, such as cars, but the United States rejected it.
In addition, the European Union proposed an increase in imports of American liquefied natural gas and soybeans – measures that had helped calm trade disputes during Trump's first mandate.
However, the United States seems more interested in EU taxes on technological companies and its value added tax rather than engaging with the block proposals. The agency has so far refused to discuss its technological samples and even said that its VAT is a fair and non -discriminatory tax which also applies to national and imported goods.
Earlier, in its first list of reprisals, the EU had targeted the politically sensitive constituencies in the United States and included goods such as Louisiana soybeans. The European Union could still include some of these measures in its new list.
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