The European Union expects to receive Monday whether President Donald Trump will force tax rates to punish the US Economic partners in Move Economist who have warned companies and consumers at the Atlantic.
President Trump said to social media this weekend to start sending Tax Books In countries in the US Incoming US access to convincing trading deals begin in the afternoon on Monday. Japan and South Korea they were the first recipientsWith the Trump Administration, from Japanese Prime Minister Shigeru Ishiba and the President of the South Korea Lee Jae-Mungeng on Monday indicating that 25% of its countries will work on August 1.
Trump puts 20% in all the EU products at the beginning of April as part of a collection of countries to refer to the United States. In the hours after the nation’s relevant work began, he put them in the same time to July 9 at a standard 10% of financial markets and allowing the interview.
Displaying unhappiness in EU context, however, Trump said that he would increase the number of outgoing prices at the European Enterf.
The higher EU commission, handling the Bloc-False Stories of Bloc-False, said its leaders hope to strike an agreement with Trump Administration Managers. Besides one, the EU has been prepared to revenge large tax rates from American products, from cow and auto parts on the Boeing aircraft.
The US Treasury Scott Councement told the “State of the CNN of the CNN” Sunday that the EU had become too late to come to the table “but those talks now make” progress very well. “
Here are important things to know about trade between the United States and the European Union.
“The most important trade relationship”
The European Commission describes trading between the US and EU ‘as the most important part of the world’s most important relationships. ”
The number of EU-US commercials in the goods and services for 1,7 million euros ($ 2 trillion) by 2024, or a ratio of 4.6 billion per day, according to the EU Statistics Agency Agency.
The great US European export was green fat, followed by pharmacical, planes, cars, and medical equipment and diagnostic.
The great export of Europe in the US was drugs, cars, airplanes, chemicals, medical instruments, and wine.
Trump has complained about the EU’s 68 billion commercial trade trade, which show Americans buy a lot of things from European businesses than the other environment.
However, American companies fill in another gap from the EU when it comes to service delivery services, reservations, and legal and financial and financial services.
The US Services Surplus took the country’s budgets with the EU under 50 million euros ($ 59 billion), which should be less than 3% of the general trade.
Before Trump returned to the office, the US and the EU maintain a regular partnership relationship with low rates on both sides. The US level reaches 1.47% of European supplies, while EU is up to 1.35% of US products.
Standing that is less than a period of time
But the White House has taken less friendly condition by looking at a wide range of effort in February. And the amount of variables on the European asset floating, the EU has been under his 50% of the 50% of the metal tax and aluminum, and 25% tax rate and components.
Trump management authorities increased the issues of the killers who are considered, including agricultural obstacles such as EU Regulatory laws including Chlorine and Hormone rules.
Trump also criticized the price tax for Europe, EU countries fell to the sales area for this year 17% up to 27%. But many economies see VAT as trading – it is neutral since they work in domestic shops and services and these. Because government governments place taxes in law, the EU has said it was not on the table during commercial interviews.
“Interventive Matters of the Regulations, Consumer standards and taxes, EU and its members of the nations cannot provide a lot of soil,” Holger SCCmiering, the Great Economy in Germany Bank ,. “They will not be able to change the way they run the main market in EU in the US Need, which is often caused by the chronological understanding of how EU works.”
American consumers may have severely harmed
Economists and companies say that high tax rates will specify the high amounts of the consumers in the imported equipment. The imports must determine how much tax costs for tax is to drop profitable and how much more than customers.
Mercedes-Benz merks in the US said they were holding a line at the number of the 2025 model until another notice. “The German automaker has a part tax shield because it has 35% of Mercedes-Benz vehicles sold at the US in Tuscaloosa, Alabama, but the company said it was prices.
Simon Hunt, Chief Executive Officer of the Italian Campari and Wine Procer Campari, said that the prices could increase other products or live the rival companies. If the rivals raise prices, the company may decide its prices to the Skyy Vodka or APEROL APERITIF to receive market assignment, hunting.
Trump has contradicted to make more heavy companies to sell in US as a way to renew the renewal of America production. Many companies have dismissed the idea or saying that it will take years to express good economic benefits. However, some companies have been willing to change the production of something produced.
France based on LVMH calling LVMH, its products that installed Tiffany & Co, Luis Vuutton, Christian Dior, said Billionaire Center Arnault at the company annual meeting annually in April.
Arnault, who visited Trump’s opening, urged Europe to reach an agreement based on returning agreements.
“If we end in high amounts, … we will be forced to increase our archaeological and US product to avoid tax prices,” says Arnault. “And if Europe fails to negotiate tactfully, which will be the result of many companies. … will be a Brussels error, when it comes to that.”
Some predictions show the US economy will be at high risk when conversations fail.
Apart from the Agreement, EU will losing 0.3% of its full domestic product and the US GDP will fall 0.7%, if Trump vacancies have been admitted from 10% to 25%, according to reviews in Bruegel.
Given the difficulties of other issues, both sides can only come when the outline before the deadline of Wednesday. That may have left 10% basic fees, and auto taxes, metal and aluminum available until the information of the official trading agreement is issued.
The most effective effects of trade talks that “the US will agree to deal with its worst threat to ‘revenge’ independence ‘without 10%,” said Schmmeling said. “However, the road to reach with rocks.”
The US provides release of other goods may be slowing down to the contract. The EU could provide guidance some White House-of-trading regulations as trademarks.
“When Trump could not sell such a result, he had” winning “to him, the last victims of his protection would be consumers,” said Schmmienting said.
