Rising trade tensions between Europe and America
08/7/2018 12:00 am
[rtl]After the Trump plan to impose car charges
Brussels / Kazem El Henawi
As the US-EU trade dispute intensifies, European Commission President Jean-Claude Juncker will travel to the United States by the end of July to present proposals for resolving the dispute after President Trump threatened to impose new tariffs on cars from the European Union, Confirmed by the outbreak of a trade war, German Chancellor Angela Merkel warned of the United States' implementation of the threat of customs duties on its imports of cars from the European Union.
According to Belgian media reports, US exports worth about $ 294 billion may be subject to additional charges from all sectors of the US economy to countermeasures, equivalent to 20 percent of total US exports for 2017.
Belgian media said the European Union The United States has threatened to impose tariffs on US exports to Europe after US President Donald Trump threatened Europe with new sanctions and tariffs on car imports in the coming years. Trade war and called on the President of the German Association of Automotive Industry, Bernhard Mathis, in response to President Donald Trump threats to the need to avoid a trade war between the United States and Europe in all cases to occur, and said: "Such a trade war will result in losers among the various parties. " Iron Industries
On the other hand, the iron and steel industry federations have called for decisive reactions given the punitive tariffs announced by President Trump on steel and aluminum imports. "The European Union should not stand aside, when the rules of the world game are being reshaped, and the European Commission should take action quickly," said DFB president Hans-Juergen Krkhoff. Global developments and pointed out that "Germany should bear the banner of the initiative as an important industrial stronghold in the world," pointing out that "the lack of European institutions so far draw clear conclusions from global developments." Karkhov warned of concrete consequences worldwide as a result of the imposition of US tariffs on imports, especially in Europe. He pointed out that "companies that export steel to the United States so far, will look for alternatives," and said:[/rtl]