More and more EU countries are willing to make more serious countermeasures such as negotiations with the United States about a trade agreement on nothing. Various diplomats report this to news service Reuters . Brussels would like to get his ‘Bazooka’ from the stable to focus on American tech companies.
Among other things, Germany would be willing to take strong steps if the Americans and the EU representatives do not come out. However, EU countries still prefer a deal with the government of President Donald Trump. But the negotiations don’t seem to go so smoothly.
For example, European Commissioner Maros Sefcovic would have sketched a gloomy picture of the negotiations to EU-gains on Friday. One of the irritations is that every American conversation partner comes with different requirements. The chance of an agreement for the deadline of 1 August seems to be smaller and smaller.
Trump wants to stimulate the American economy and the treasure chest Spekken by levying extra taxes on foreign goods, including those from Europe. At the beginning of April he came with a rate of 20 percent for most European goods, which he temporarily reduced to 10 percent shortly thereafter. The break period initially expired on July 9, but was extended by the president until 1 August.
According to Trump, the EU is not very highlighting during the negotiations, which means that he threatened to increase the import levy from 10 to 30 percent earlier this month if there is no agreement on 1 August.
Irritation in Brussels is growing
The policy of the Americans leads to irritation in Brussels and also in many member states. Brussels has previously compiled lists of American goods of a total of more than 90 billion euros. Those goods would be taxed if the US imposed high rates on European products. But according to various diplomats it may not be possible here.
There are more and more voices to also use the anti -cheeky. That is a law that gives the EU the space to firmly refund if a country from outside the Union tries to impose its will on one or more EU member states.
This includes levying an additional tax on services from American tech companies or limiting American investments in Europe. Brussels can also exclude companies from the US from European tendering procedures.
The measure is also seen as a nuclear option or a ‘Bazooka’, because it is a very sturdy measure. If the EU really takes this step, that may provoke an American counter -reaction. The European countries therefore prefer that both parties close a deal.
More and More EU Countries Are Willing To Take Tougher Countermeasures If Negotiations with the United States On A Trade Agreement Fail. Several Diplomats Reported This to News Service Reuters . Brussels is Said to Want To Bring Out its ‘Bazooka’ to Target American Tech Companies.
Among Other Things, Germany is Said to Be Prepared to take firm steps if the Americans and EU representatives cannot reach an agreement. However, EU Countries Still Prefer a Deal with the Government of President Donald Trump. But negotiations do not seem to be going so smoothly.
For Example, European Commissioner Maros Sefcovic Painted A Bleak Picture of the Negotiations to EU Envoys on Friday. One of the Irritations is that Each American Interlocutor Comes with Different Demands. The Chance of An Agreement Before the Deadline of August 1 Seems to Be Getting Smaller and Smaller.
Trump Wants to Stimulate the American Economy and Fill the Treasury by Leverying Extra Taxes on Foreign Goods, Including Those from Europe. In Early April, he came up with a tariff or 20 percent for most European Goods, which is the temporarily reduced to 10 percent shortly thereafter. The Pause Period Initially Expired on July 9, But Has Been Extended by the President to August 1.
Accordance to Trump, the EU is not very accommodation During the negotiations, which is why he threated earlier this month to increase the import duty from 10 to 30 percent if there is no -agreement on August 1.
Irritation in Brussels is Growing
The Americans’ Policy is causing irritation in Brussels and also Among Many Member States. Brussels had Previously Drawn Up Lists of American Goods Totaling More Than 90 Billion Euros. These goods would be taxed if the us imposes high tariffs on European Products. But accordance to varous diplomats, it may not stop there.
There are more and more voices calling for the anti-Coercion instrument to be used as well. This is a law that gives the eu the space to strike back firmly if a country from outsid the union tries to impose its will one or more eu member States.
This could include Levying an Extra Tax on Services from American Tech Companies or Restricting American Investments in Europe. Brussels can also exclude companies from the US from European Tendering procedures.
The Measure is also SEEN A A NUCLEAR OPTION OR A ‘BAZOOKA’ If the EU REAXLY TAKES THIS STEP, It May Provoke An American Counter-reaction. The European Countries Therefore Prefer that Both Parties Reach A Deal.