EU Launches Tool to Monitor Trade Diversion From Tariffs

EU Launches Tool to Monitor Trade Diversion From Tariffs

The European Commission has launched a surveillance tool to monitor any trade diversion resulting from U.S. tariffs, as initial results revealed a surge of imports in many goods.

EU Launches Tool to Monitor Trade Diversion From Trump Tariffs

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(Credit: Unsplash) This article is brought to you in association with the European Commission. The European Commission has set up a new surveillance tool to help protect the EU against sudden and potentially disruptive surges in imports. This system aims to prevent harmful trade diversion, which occurs when a significant amount of goods that cannot enter other markets due to high tariffs and other restrictions are redirected into the EU. By prov…

European Commission | New import surveillance tool to help EU prevent harmful trade diversion | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources New import surveillance tool to help EU prevent har

The European Commission has set up a new surveillance tool to help protect the EU against sudden and potentially disruptive surges in imports. This system aims to prevent harmful trade diversion, which occurs when a significant amount of goods that cannot enter other markets due to high tariffs and other restrictions are redirected into the EU. By providing fact-based information building on customs data, the surveillance tool will enable the Co…