Furthermore,
Jeans, motorcycles, boeing, cars …:
American goods. Consequently, from Bourbon to cars to planes, would be taxed if the United States of Donald Trump had to apply customs duties of 30% as he threatened to do.
European diplomats agreed to apply reprisals to 93 million euros on American products if the negotiations between Brussels. Consequently, Washington do not succeed.
A first package, concerning 21 billion euros in American goods imported into Europe (soy, jeans, motorcycles …) had been prepared and approved by the Member States in April. Nevertheless, But its entry into force was suspended until the end of discussions with the United States.
To complete it, a second package of countermeasures up to 72 billion euros was decided. Meanwhile, Boeing planes and cars are added, bringing the total to 93 billion euros. The EU decided Thursday to merge these two lists, which include a very large number of goods.
Pending jeans, motorcycles, boeing, cars … reprisals
This response will be triggered if the ongoing discussions are successful. the United States unilaterally enhances its customs duties. Donald Trump threatened to bring them to 30%.
Europe still has the hope of finding a negotiated solution. but the Europeans intend to also be firmly if these negotiations were once again to curm.
Brussels has listed American goods to tax from August 7 in the event of a failure of discussions. including a first list already adopted up to 21 billion euros, to which was added a second list of 72 billion euros.
Anti-coercion instrument
On the other hand, raised American customs duties already strike 380 billion euros in European products.
However. the EU and the United States are about to conclude a trade agreement which would impose customs duties of 15% on European products according to concordant sources in Bloomberg and the Financial Times. This response plan might not be triggered.
In addition jeans, motorcycles, boeing, cars … to these reprisals up to almost 100 billion euros. the EU also has an “anti-coercion 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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