If Washington did not leave new customs barriers, Brussels would be ready to answer without compromise.
The European Union may limit the access of American goods and companies to its market in response to the duties introduced. Brussels considers strict steps, including banning the participation of American companies with tenders and expected EU projects. It reports about it El país On Monday, March 31.
The European Commission is preparing for decisive actions after the Donald Trump administration announces new traditional tariffs that enter into force on April 2. Washington calls them “together”, but the EU believes they significantly violate the trade balance.
The volume of annual trade between the United States and the EU reached 900 billion euros, and Europe had a positive balance of 235.5 billion euros. New roles can cause a serious blow to the economic relationship between the two sides of the Atlantic.
In Brussels, many reaction options are considered:
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The introduction of appropriate tariffs for American products,
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Limiting access to us in European financial markets,
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The ban on American companies to participate in EU state orders.
Despite strict rhetoric, in some European chapters, especially France, Italy and Ireland, they called for caution to avoid an open trade war.
The EU is trying to maintain a communication with the United States, offering some concessions -for example, a reduction in duties to industrial goods and increasing importation of American liquid gas. However, if Washington does not leave new customs barriers, Brussels will be ready to answer without compromise.
Earlier, Donald Trump threatened European Union and Canada countries with greater tariffs if they begin to react to new duties in America.
It has also been known that Trump signed a mandate to introduce duties for 25% for cars that gathered outside the United States. The duties will enter on April 2.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.