German Manager Magazin: Customs dispute: EU offers USA deal to free trade with industrial goods An004111

The EU has that USA offered an agreement for the mutual cancellation of all tariffs to industrial goods. Despite the Total decisions From US President Donald Trump (78) be that European Union The EU Commission President Ursula von der Leyen (66) in Brussels said ready. Europe is always ready for a good agreement.

According to information from the German Press Agency, the offer was already made before Trump’s pay decisions, but most recently renewed again on Friday. It stays on the table, said von der Leyen. Upon request, she added that the topic of free trade for cars had already been on the table several times, but there was no adequate answer.

Elon Musk wants transatlantic free trade zone

Before the Commission President’s statements, US President advisors had Elon Musk (53) pronounced for a transatlantic free trade zone without any tariffs. He hoped that the United States and Europe could agree on an even narrower partnership than before, said the head of the electric car manufacturer Tesla At a party congress of the right Italian government party Lega in Florence. “And as far as the tariffs are concerned, I hope that we are moving towards a zero-inch situation with a free trade zone between Europe and North America,” he said.

Von der Leyen made it clear on Monday that in addition to the negotiation efforts, possible countermeasures would be further prepared in the event of a failure of negotiations. In addition, one will also protect yourself against the effects of a possible redirection of trade flows from other parts of the world by the US import duties. For this purpose, a “task force to monitor imports” will be set up. In order to ensure that there is a solid evidence for political measures, industry will work.

83 percent of global trade beyond the United States

From the Leyen also announced that it would advance the expansion of trade relationships with other countries and called India, Thailand, Malaysia, Indonesia as examples. In addition, she referred to the already planned agreements with the South American state alliance Mercosur, Mexico and Switzerland. 83 percent of global trade exists beyond the United States, said von der Leyen.

Trump wants to correct alleged trade weights with tariffs and move production to the USA. At the same time, customs revenues should serve to at least partially counter its expensive election promise of large tax cuts. Above all, it is unclear whether the EU proposal for free trade can be successful.

From Tuesday next week the first retaliation measures

Should Trump reject the proposal, the EU wants to put the first retaliation for the US tariffs on steel and aluminum imports on Tuesday next week. They are concerned with the reintroduction of special EU special products on US products such as jeans, bourbon whiskey, motorcycles and peanut butter for a long time. A final agreement on the list of those affected should take place on Wednesday this week, the responsible EU Commissioner Maros Sefcovic (58) said after a EU Ministers’ Minister in Luxembourg. The tariffs should come into force a week later.

According to Sefcovic, further US products will be affected from mid-May. They are goods that, in contrast to products such as motorcycles in the first term of the US President Donald Trump, were not yet affected by special EU special tariffs. According to initial plans, the new special tariffs should also make companies that sell American agricultural products such as poultry, beef, beef, certain seafood, nuts, eggs, dairy products, sugar and vegetables. In addition, EU extracölle are being considered on other industrial products such as textiles, leather goods, household appliances, tools, plastics and wood.

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