The EU tariff response includes two separate components: one of them is associated with a reaction to American roles in steel and aluminum, the other major tariffs of President Trump, especially for cars.
The European Union has decided to suspend the tariff countermeal against the United States for six months, announcing it on Monday, August 4, following an agreement with US President Donald Trump. The information has been published by Reuters and CBS News.
Secretary of the European Commission on Trade Issues, Polof Gill said this political agreement aimed at returning stability and would be predicted for citizens and businesses on both sides of the Atlantic. According to him, the commission is currently actively working on the American side to finally complete the work task, and new executive decisions are expected in the near future.
The EU announced his desire to suspend his actions in response to a period of up to six months. This decision recalls the steps that should be entered on August 7. EU countermeasures include two separate components: one of them is associated with the answer to American and aluminum roles, another of President Trump’s major tariffs, especially for cars.
Remember that US leader Donald Trump after the meeting on July 27 with European Commission leader Ursula Von der Lyain announced the achievement of a framework of the plot between the parties. According to the conditions, the United States will have to set tariffs of at least 15%, and the European Union has agreed to buy American energy sources worth $ 750 billion and invest $ 600 billion in the United States economy.
On August 1, the White House Administration published a tariff rate that applies to import goods from a number of trading partners. After reaching an EU agreement, a new level of duties in European imports is 15%.
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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.