A new option on retaliation? The Union is considering restrictions on export to the USA

The EU is considering restrictions on the export of some US products in response to the customs policy of the American President Donald Trump – said Bloomberg's agency, citing EU sources. Among the key products that EU countries export to the States, include medical devices and plane parts.

Export restrictions are considered as one of the options for response to American duties, in the event that the current negotiations between Brussels and Washington did not have effect.

Bloomberg interviewees did not specify what type of goods could be covered by restrictions. Usually, the subject of such restrictions are goods of strategic importance for the economy of the importing country. Such funds are used, for example, by China, which at the beginning of April, in response to American duties, introduced the export control of seven categories of rare earth elements, crucial for the arms industry and the industry of new technologies.

The spokesman of the EC Olof Gill reminded on Wednesday that The EU provides the United States with key products; He mentioned, among others Ingredients of medicine, advanced mechanical devices and aircraft parts.

Brussels and Washington are currently negotiating to resolve a commercial dispute, started by the decision of Donald Trump's administration to apply 20 % tariffs to the EU import, which was then suspended for 90 days. The minimum 10 % minimum rate, as well as 25 % rates for the car industry as well as steel and aluminum.

The EU suspended the previously announced retaliation duties, so that – as explained by the head of the EC Ursula von der Leyen – “give negotiations a chance”.

One of the proposals with which the EC came out in the prognosis with Washington is to introduce mutual zero rates for industrial goods, including cars. This solution was also supported by the sympathy of Trump, the Italian premiere Giorgia Meloni, who on Thursday visited the White House as the first leader of the European state after the commencement of the dispute about customs.

Brussels is also preparing for the scenario of negotiations failure, emphasizing that “all options are on the table.” In addition to hanging EU duties on products from the United States and export restrictions, there are also on the introduction of retaliation regarding American technological services and limiting access to tenders for US companies. (PAP)

MWS/ Szm/