Trade conflicts
Analysis: High taxes for EU companies through Trump’s customs plans
US President Trump wants to correct the United States’ retail weight. Mutual tariffs should be used. Allianz Trade has calculated how high the taxes could be.
In the event of mutual US tariffs, according to companies in the EU, according to a calculation, an average of 13 percentage points higher tariffs could be available. This emerges from an analysis by the credit insurer Allianz Trade. So far, it has not been clear that the United States will actually charge tariffs at such a height.
US President Donald Trump announced the so-called reciprocal tariffs in mid-February and signed a corresponding arrangement. In principle, reciprocal tariffs mean that the United States raised tariffs wherever they are currently asking less than their trading partners. In the past, Trump had said that they wanted to correct the United States’ retail weight with these tariffs.
USA want to compensate for trade deficits
According to the calculations of Allianz Trade Argentina, India, Brazil, Chile and Kenya. Allianz Trade said that customs increases by 23 up to 34 percentage points are possible. Chinese companies could in future pay higher tariffs by twelve percentage points. “The trade deficits with various countries are a thorn in the side of the USA,” said Allianz Trade economist, Françoise Huang.
In the analysis, Allianz Trade not only evaluated direct tariffs on US exports, but also taxes such as VAT, import rates and other requirements.
dpa
Source: Stern
