Customs duties: the EU validates reprisals at 93 billion euros

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Customs duties: eu validates reprisals:

Customs duties

The EU validates reprisals at 93 billion euros – Customs duties: eu validates reprisals

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European states have given their green light to reprisals up to 93 billion euros. In addition, which would apply from August 7 if the negotiations Commercial with the United States was to fail, diplomats said on Thursday.

L’UE prepared a list of American goods which would be taxed if the United States of Donald Trump had to apply customs duties of 30% on European imports. Meanwhile, as they threatened to do, from 1is august.

Europe still has the hope of finding a negotiated solution. but has listed American goods to tax from August 7 in the event of failure of discussions, including a first customs duties: eu validates reprisals list already adopted up to 21 billion euros, to which was added a second list up to 72 billion euros.

The EU decided Thursday to merge these two lists. which include a very large number of goods: soybeans, planes, cars, etc.

A “hand” agreement

Negotiations continue. an agreement seemed to be taking out Thursday with American customs duties reduced to 15% and several exemptions concerning the aeronautical or pharmaceutical sector.

A trade agreement between the European Union. the United States which would resolve the showdown on customs duties is “at hand,” a spokesman for the European Commission said on Thursday.

“Regarding an agreement. a result, we believe that such a result is at hand, and we do everything to offer it to the customs duties: eu validates reprisals citizens of the EU,” spokesperson Olof Gill said before the press.

The Europeans, however, intend to be firmly if these negotiations were once again a time.

«Instrument anticoercition»

In addition to these reprisals up to nearly 100 billion euros. the EU also has an “anticolaria instrument”, a powerful commercial tool that would allow it to go beyond simple customs taxes.

This instrument. initially designed to reply to the practices deemed unfair from China, thus allows the EU to block certain investments or access to its public contracts.

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