According to Agence France-Presse reported on February 21, US President Trump warned on the 20th that if the United States and the EU can not reach a trade agreement, the United States will impose tariffs on EU car imports.In answering the question of the new tariff, Trump said: “We are negotiating. If the two sides cannot reach an agreement, the United States will impose tariffs on the EU.” Two days ago, the US Department of Commerce issued a report saying that this The report found that European car imports pose a threat to US national security. This report may lay the foundation for the White House to levy tariffs within 90 days, and the EU has solemnly declared to adopt anti-tariff measures.
The US government has imposed high tariffs on imported steel and aluminum on the grounds of national security, which immediately led to dissatisfaction in many countries. Among the many radical moves against US trading partners, Trump threatened to impose a 25% tariff on European cars, especially for Germany. Trump claims that Germany has damaged the US auto industry.
Trump reached an agreement with the European Union after meeting with European Commission President Jean-Claude Juncker in July last year, but Trump expressed disappointment with the negotiations on Wednesday. “We are working hard to reach an agreement,” Trump said. “It’s hard to reach an agreement with the EU. It has been this for a long time, for many, many years.”
However, negotiations with the EU have not yet begun. The European Commission must seek the approval of member states on the negotiation authorization before it can start negotiations. The EU Trade Minister will meet in Bucharest on Thursday and Friday to review the proposal. The two sides have differences in the content of the negotiations: the US’s negotiating objectives include agriculture, while EU officials insist that the negotiations will be limited to industrial products and regulatory issues.
Post time: Feb-25-2019