The tariffs imposed by the new US administration on the import of European goods will reduce 70% of the total burden on European exports. The EU encourages the American side to negotiate a return to balanced trade, while preparing to implement relevant trade counter-trades to protect European business and European neighbors.
About this today in Luxembourg at the press conference for bags for the sake of EU ministers from foreign affairs (from the supply of trade) the European Commissioner for Trade and Economic Security Maros stated Shefchovich, the Ukrinform correspondent reports.
“The current situation with trade with the United States, our largest trading partner, is important. A large number of tariffs will hit a significant portion of European exports. We are talking about 380 billion euros in exports to the USA, which amounts to nearly 70 billion of our global exports. We are faced with the tariffs for 20 or 25 mobile networks, or even higher ones, if they are subject to existing national tariffs, for example, for 27.5 mobile networks for all passenger cars. To put it into perspective, the new US money will amount to 80 billion euros, which is 11 times more than the 7 billion the US collects at a time,” Shefcovic said.
We respected that from the first day of the tariff crisis, the EU maintained respect in negotiations with the new US administration. Šefčović commended the American side for creating and supporting an open channel of communication with the EU.
In this case, according to the words of the European Commissioner, both sides realize that trade relations between the EU and the US may not be able to win in the first place, but there will be growth in strategic areas, and the remaining parties will face similar wiklikami. Among them is global overproduction, caused by non-market practices, the pursuit of leadership in the production of fertilizers or those provided with critical minerals. As the EU and the US eat zusilla, the stench may awaken a tense transatlantic trade maidan, which can bring harm to both sides.
Šefčović recalled that the President of the European Commission, Ursula von der Leyen, strongly advocated the introduction of zero tariffs on trade between the EU and the US by car and all industrial goods. Having learned that the United States, before the implementation of such proposals, will require time and effort, some parts of the United States will enforce tariffs not as a tactful step, but rather as a corrective approach.
“We are ready to sit down at the negotiating table as long as our American partners are ready. However, if the EU is deprived of open and open negotiations, we will not wait endlessly. Until then, as we see significant progress, the EU will continue to work for the three directly ( with the opposite – ed .),” the European Commissioner said.
We will recognize that we will protect our interests from various counter-entries, by diversifying trade into new trading territories with third countries and by using more approaches to protect the Single Market from unprofitable redirection of trade flows.
“In response to tariffs on steel and aluminum, we received a reaction from the regional member states and from 660 domestic entities. We are working on this in order to imagine the harsh flow of counter-approaches that can balance the balance for all member states. We will send them a new flow and a level of tariffs today. Their presentation is scheduled for the 9th quarter. The remaining flow will be praised on the 15th of April, and the first mitas will be applied from the first day, and they will be introduced to resolve the goods on the 15th of April,” said Shefčović.
At the same time, in his words, the EU will replace respect for trade and investment with global partners, among which the European Commissioner named India, Indonesia, Thailand, the Philippines and the Persian region backwaters. In this case, the EU should speed up the arrangement of free trade with other countries of the world.
In order to avoid the unfavorable redirection of trade flows, which is caused by the expansion of American tariffs, the EU is taking advantage of all possible approaches to protect the EU Single Market, its traders and its traders. This work will emerge from the implementation of a reinforced system for monitoring imports, which will be monitored in real time, for which the EU is creating a specialized task force.
In this case, the EU will report to the world to save healthy trade profits.
“Let’s not forget: while the United States praised the decision to enter into part of the rules of the global trading system, this trading system is no longer important for the EU and for the world. The EU accounts for 13 hundred global trade in goods. Our priority for SOT is to seize those 87 hundreds of cells that will be lost, and to change the situation so that the global trading systems are deprived of useful information to solve the world,” said Shefchovich.
As reported by Ukrinform, the President of the European Commission Ursula von der Leyen today announced that the EU has approved a bilateral reduction in tariffs for cars and others to the United States industrial goods.