Donald Trump plans to impose $ 7.5 billion in customs on EU goods



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Donald Trump plans to impose $ 7.5 billion in customs on EU goods

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The trade conflict between China and the United States can spread across the European continent. The reason is the US government’s desire to introduce a $ 7.5 billion tariff on EU goods.

The list covers a variety of products, such as parts of Airbus aircraft, as well as expensive cheeses, wine and whiskey. The data was confirmed by the European Commission’s trade spokesman, Daniel Rosario. In his statement, he stressed the fact that “the most desirable solution to the current problem is negotiations”.

In this way, Daniel Rosario expressed the EU’s readiness to launch talks with Donald Trump on the subject, BusinessInsider reports. The concern is that the introduction of additional duties may be just the beginning and this conflict escalates in the face of the situation with China.

This is exactly why the EU will try to change these plans of the US government through diplomatic channels. A big problem could be the extra costs charged to European carmakers.

The US president has already threatened the EU with such measures. If that happens, it will have a negative impact on all of the continent’s leading industries. On the one hand, this means additional costs, and on the other hand, the economic situation is already dire.

In practice, the EU cannot react before the beginning of January. Next, a World Trade Organization summit will be held to decide whether the EU can, in turn, increase customs duties on the United States.

Donald Trump plans to impose $ 7.5 billion in customs on EU goods



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