US duties: does the EU have a viable alternative?
5 Articles
5 Articles
MAINTENANCE. Former European Trade Commissioner Cecilia Malmstrom, who had negotiated with the Trump administration in 2017, is looking at the EU's strategy against the US offensive.
The US and Europe remain closely intertwined economic partners.
Berlin is losing that patience that so far had seen it sponsor a soft line and dialogue in the negotiations with the United States. Unlike the most combative France, Germany had so far supported a prudent and careful approach not to trigger a spiral of retaliation and counter retaliation. However, in the face of the White House's insistence in supporting a minimum rate of 15 or 20% on everything, without any safeguard mechanism for the German ca…
The US President threatens with tariffs of 30 percent from August. If there is no agreement by the end of July, more and more EU states are apparently ready to strike back harder
US duties: does the EU have a viable alternative?
While the trade balance with the US leans clearly in favor of the Old Continent, the most balanced components of the bilateral EU-US balance of payments are services and capital flows. Since financing the large US current account deficit with the EU requires surpluses on the financial account, it is precisely through capital controls, rather than by resorting to counter-tariffs, that the European bloc could do most damage to its main trading part
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