The War of Customs Taxes with the US: The EU has prepared a $ 100 billion response package. Germany and other countries would also like to activate the most powerful trade weapon of the community block
Trump's customs duties risk creating a huge fault in the US-EU commercial relationship. Photo: Shutterstock
The EU intends to quickly impose 30% customs duties on goods on a total value of approximately 100 billion euros if an agreement is not reached in the commercial war and if Donald Trump implements his threat of 30% on most Union exports after August 1, according to Bloomberg.
As part of the first series of countermeasures, the EU would combine a list already approved by customs duties for US goods worth 21 billion euros and a previously proposed list for American products worth 72 billion euros in a single package, a European Commission spokesman said on Wednesday.
American exports, from industrial goods such as Boeing aircraft and cars manufactured in the US in Bourbon, would be subjected to a 30%tax, as long as Trump, people familiar with this issue told Bloomberg.
We are getting ready for all variants, the EU announces
The rates would enter into force next month, but only if an agreement is not reached and the United States applies customs duties after the deadline in August, the sources of the financial publication said.
The European Commission said on Wednesday that it remains focused on obtaining a negotiated result in commercial discussions with the United States, the Maros Sefcovic Commissioner to discuss with American Secretary of Howard Lutnick Wednesday afternoon.
“Although our priority are negotiations, we continue to prepare for all variants, including potential additional countermeasures,” the Commission said, according to Reuters.
Germany and other countries, arranged on activating the most powerful EU weapon
The plans come in the context in which the EU Member States, including Germany, have strengthened their positions in response to tightening the US negotiation position.
Berlin would be willing to support even the activation of the EU's anti-co-country instrument, or if, if it is in the scenario that is not reached, a government official said for Bloomerrg
This instrument would only come into play if the agreement does not materialize.
Here it is the strongest weapon of the European Union, and an increasing number of Member States insist on its use if an agreement is not reached.
The instrument is designed primarily as a means of discouragement and is not currently on the negotiation table, its activation requiring a qualified majority of the Member States to support this measure.
Here it would allow the EU to launch a wide range of retrsency measures, including new American technological giants, targeted restrictions on American investments and limiting access to the EU market.
