“We don’t want to have to respond, but at the risk of sounding like my Three-Year-Old son: They Started It.” That’s precisely how How Olof Gill, A Spokesper for the EU Trade Commissioner, Recently Summed Up the 27-Nation Bloc’s Attitude Toward Donald Trump’s Move Toimpose Taiffs on European Imports
On Wednesday (April 9), Before Trump Paused the Tariffs for 90 Days and Shifted Most Down to the ten% Minimum Tariff, EU Diplomats Agreed on What Their Response Will Look, Announcing their Totel Totaling More Than 20 Billion ($ 22 Billion) on United States Exports.
Calling the Us Taiffs “Unjustified and Damaging, Causing Economic Harm to Both Sides,” The EU Commission Said in A Statement that it has a “Clear Preference to Find Negotiated Outcomes … which would be balanced and mutually benefit.”
As Europe is Still Weiting Up How Much Muscle to Wield in Its Broader Retaliation, The Bloc’s Countertariffs Will Apply in Three Rounds, The Commission Said.
Measures Covering EUR 3.9 Billion in Trade Will Go Into Force Next Week, with a Further EUR 13.5 Billion from mid-May and a Final Round of EUR 3.5 Billion Following in December.
From Soybeans to Steel
EU Diplomats Confirmed to DW That The First Batch of Counterarts of Up to 25% Will Target Us Steel and Aluminum, A Series of Food Products Including Poultry, Nuts and Soybeans.
With an Apparent Focus on Hitting the Heartlands of Trump’s Republican Party, The Tariff List, Consisting of A Host of Various Other Item’s From Motorcycles to Jeans, with the Aim of Making The Goods More Epensive and Less Attractive Foreuropean Buyers
“The Lion’s Share of the List Consists of Products That Are Easy for Consumers and Businesses to Replace,” Sweden’s Trade Minister Benjamin Dousa Told Reporters in Brussels.
The Preliminary of Taiffs Will Certainly Enter into Required Following Week and is Available in Action to Us Steel and Light Weight Aluminum Taights Announ Last Month, Predating Trump’s Bigger Order on So-Called Reciprocal Taiffs
Duties on Soybeans and Almonds – which deal a bigger strike to us Manufacturers – needs Certainly Begin Late within the Year. While Diplomats Said the Delay was additional authorized than Gives Brussels Breathing Space as Seeks to Negotiate A Deal with Washington to Avoid a full-blown commerce
Deal or no cut price?
EU Trade Commissioner Maros Sefcovic Has Been On And Off Planes And Phone Calls to Washington for Weeks Trying in Vain to Secure A Deal Toavert Tatifs After Brussels Went Public with Offer to Scrap All Duties and Industrial Goods Earlier This Week, Trump Fasted to Transform IT Down.
The EU Commission Reaffirmed on Wednesday that the Countermeasures Could Be “Suspended at Any Time” as Trump’s Were Soon After.
But cinzia Alcidi, Analyst with the Center for European Policy Studies, Thinks the “Crude” Way Us Tahritten Were Calculated Suggest The Trump Administration Has “No Real Interest in Any Meaningful Give-and-Take.”
Alcidi Suspects Just Even More United States Domestic Pressure Will Placed The Us President in Even extra of a Deal-Making Attitude. “Tariffs, that are primary a tax obligation on residential Customers, needs Certainly Bring About Greater Rates. Wrote on Tuesday.
“If Inflation Climbs and Public Dissatis Faction Grows, Trump’s Approval Ratings May Dip, and Unease Within Congress May Grow Louder.”
United States Technology, Solutions Successor?
But Much of the Pain Intends to Remain in Europe, Says Niclas Poitiers, as Businesses and Voters Are Growing “Nervous.”
“I think there’s a balance to be struck between the Necessity to React Strongly and the Need to Show that one problem-oriented and one Doesn’t want to escalate,” The Research Fellow at Brussels-Based Think Tank Bruegel Told DW.
As Europe Mulls Longerm Retaliation Alternatives, United States Services Exports, Including Those of Big Tech Platforms Or Consulting Firms, Could Move within the EU’s Focus.
Sometimes descripbed as Brussels “Nuclear Option” within the Trade, The EU’s Supposed Anti-Coercion Tool (ACI) “Allows [the EU] To do many extra issues Than The regular Trade was would assist you to do, “Said Poitiers.
ACI – Created in 2023 in Response to China’s Block On Lithuanian Imports Over Its Support for Taiwan – It would definitely allow the EU to implement limitation on america, curb income entry for streaming platforms like netflix, and even revoking us pats.
But to EU Diplomat Told DW There’s “No Appetite to Pull That Trigger for Now,“ Adding That Any Talk of Targeting Tech Remains “In the Realm of Speculation.”
China Taiffs Stoke Fears in Europe
A More Pressing Fear for the Eu is a Feasible Increase of Economical Item from China and Various Other Asian Countries as They Are Looking to New Markets Outside Theus
EU Commission President Ursula von der Leyen Discussed the Problem On the Phone With Chinese Premier Li Qiang on Tuesday.
Accord to a recap Released by Brussels, They Talked About A “Mechanism for Tracking Possible Trade Diversion and Ensuring Any Developments Are Duly Addressed.”
Edited by: Uwe Hessler
