Customs Burden on Trade: EU Exports to the USA Break Down
8 Articles
8 Articles
The customs dispute between the US and the European Union leaves its mark: in the first quarter of the year, Europe's companies sell 30 percent less goods to the US than in the previous year. In the opposite direction, the declines are only around six percent.
There has recently been a lot of controversy about trade tariffs between the EU and the US. New figures show that European companies are exporting fewer goods.
The EU has agreed on the implementation of the customs agreement with the USA. America continues to impose 15 percent tariffs on everything. Current calculations show, however, that the EU has had to pay significantly less.
European Union (EU) countries exported 30.4 percent fewer goods to the United States in the first quarter of the year, compared to the same period last year. Despite this, the United States remains the EU's most important export destination. It accounted for 18.6 percent of the Community's total exports, according to Eurostat data.
There has recently been a lot of controversy about trade tariffs between the EU and the US. New figures show that European companies are exporting fewer goods.
EU countries exported 30.4 percent less goods to the USA in the first quarter than in the same period last year.
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