US President Donald Trump has announced for products from the European Union tariffs of 25 percent. “We will announce this very soon, and there will be 25 percent,” said Trump on Wednesday at his first cabinet meeting in the White House. This will apply to cars and other goods.
The US tariffs for goods are also 25 percent You have and Mexico. According to Trump, these should come into force in early April.
Criticism of the EU
Trump had threatened to reciprocal tariffs – for imports from countries that treated the USA “unfair”, including the EU countries. “If you impose a customs or a tax on us, we will impose exactly the same amount of customs or tax for you, it is so simple,” he said two weeks ago when signing a memorandum that should prepare the tariff.
The EU has already announced a “determined and quick” reaction to the possible collection of punitive tariffs by the United States. “In order to protect European interests, we would have no choice but to answer quickly and quickly,” said EU trade commissioner Maros Sefcovic Last week in Washington.
Additional US tariffs on EU products would create unnecessary export obstacles for companies and their employees on both sides of the Atlantic.