Commercial conflict: EU and the USA negotiate about customs dispute

Commercial conflict: EU and the USA negotiate about customs dispute

Trade conflict
EU and the USA negotiate about customs dispute






Can the very large escalation of the trade conflict between the USA and the EU still be averted? Brussels wants to try it and now sends a top representative to Washington.

There are new discussions between the EU and the USA to prevent a trade war. The European Commission responsible for the negotiations confirmed that EU Commissioner Maros Sefcovic made his way to Washington to meet US Minister of Trade Howard Lutnick and the US trade officer Jamieson Greer.

From the EU’s point of view, it must be a common goal of avoiding harmful tariffs, said a spokesman in Brussels. Instead, it should be about further expanding the trade and economic relationships between the EU and the USA. These relationships are the strongest in the world.

The EU had announced last Thursday to postpone the planned reintroduction of retaliation tariffs to US goods by two weeks to mid-April. The reaction to the American tariffs to steel and aluminum imports placed in force by US President Donald Trump should therefore only take place in mid-April. The step should make it possible to create additional space for discussions with the US government, it said.

Trump threatens new tariffs

Trump had previously threatened the EU with tariffs of 200 percent on wine, champagne and other alcoholic drinks from France and other EU countries. The United States would shorten these tariffs if the EU did not take the planned customs back on American whiskey, he warned. Trump has also announced that he wanted to impose new tariffs on cars and other goods from the EU. He wants to strengthen the United States as a production location and reduce trade deficits.

The reintroduction of the currently exposed EU tariffs would apply to US products such as bourbon whiskey, game consoles, motorcycles, boats and peanut butter. The height of the additional tariffs is said to be 50 percent-for example for motorcycles from the manufacturer Harley-Davidson and Jack-Daniel’s Whiskey built in the USA.

dpa

Source: Stern

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