US as usually with other countries tries now to blackmail EU with high import taxes on steel and aluminum. "Donald Trump’s administration is asking Europe, Canada and other allies to accept quotas in exchange for an exemption from steel and aluminum tariffs that kick in May 1, when a temporary waiver expires. “We are asking of everyone: quotas if not tariffs,” Commerce Secretary Wilbur Ross said on Friday. This puts the EU in the difficult position of either succumbing to U.S. demands that could breach international commerce rules or face punitive tariffs. Forcing governments to limit shipments of goods violates World Trade Organization rules, which prohibit so-called voluntary export restraints. The demand is also contrary to the entire trade philosophy of the 28-nation bloc, which is founded on the principle of the free movement of goods." Of course, US does not care about WTO or any other organizations. How Europe should respond? https://www.bloomberg.com/news/arti...campaign=socialflow-organic&utm_medium=social
Europe should respond by closing the EU. If you don't want fights with America, don't pick them. Playing the victim fools no one but yourselves. EU has massive tariffs vs America. What you accuse America of, is what you are guilty of and not they.
What do you mean by closing EU? No, you have incorrect information, EU has no massive tariffs against the US. For example, aluminium goes from 0 to 7.5%, steel at 0% while US want to impose 10% for aluminum and 25% for steel. http://madb.europa.eu/madb/euTariffs.htm
What do you call the thing where you need to pay taxes to import goods from the us before receiving it? I can 100% say we have that and its expensive
Tariffs depend on the goods. Currently, the issue concernes steel and aluminum. Do you want to say that you buy that and that the tarriffs are high?
Closing it. Shutting the place down. Closing all the doors, turning all the lights off, sacking all the staff. Knock the place down. EU has plenty of tariffs, not just aluminium and steel and not just vs America. Steel tariff vs China is 73.7%!!! America is the lowest tariff country on earth. Lets give cars as the easy example. Compare car tariffs.. What is the value of that trade to the EU? More or less than their steel and aluminium imports? It is not America that has higher tariffs vs the EU than the EU has vs America. Sorry, but that is not the case. Proposed increases in these specific tariffs are an attempt to redress this imbalance. To counter EU protectionism. The EU wishes to paint the USA as the aggressor in this. But it is not. They are.
How do you know that the US is the country with the lowest tariffs? Provide the reference to substantiate your statement. As for cars, the import duty for cars with 1.5-3l volume engine is 10% in the EU. For the US it is 2.5%. And? Most of the German car producers have factories in the US and in Mexico, so the import of the original cars is not that big. The same for the US, which has car factories in the EU. So this disbalance in terms of the real trade values is small. I do not understand why you talk about China. Here we talk about EU and US trade relations.
Average EU tariff = 2.3% Average US tariff = 2%. Why do I know USA is a low tariff country? Because it is famous for being so. The free trade capital of the world. Europe on the other hand is famous for being protectionist. German car factories in America are not tariffed. Tariffs are paid on imported goods. America and Europe also have domestic steel and aluminium producers BTW. Look at the value of car imports vs steel imports. America has a 2.5% tariff on cars, the EU has a 10% tariff on cars and this trade is worth more than all the steel and aluminium trade combined. I give the example of China because this is an extreme example demonstrative of the EU's love of tariffs. You attempted to portray Europe as a place of low tariffs. It is not. You attempted to portray the EU as a body of people devoted to free trade. They are not. They are a trade bloc. A body of people devoted to trade bullying.
Good, then Trumps tactics are working. No surprise that Germany would cave in to them quickest of all. They are the most exposed economy in the EU. I told you they would, and they have. No brainer. You talk loudly but carry a little stick. Then why have you tariffed US cars if you feel they are no competition? Why do you tariff US goods that can't compete? Answer: because they can compete and you can't. You can't operate in a level playing field. And that is the European way. The very essence of the EU. To protect it's own markets from global competition. Don't expect any sympathy when those you tariff, tariff you right back. No tears are being shed for your injustice.
The tariffs has nothing to do with the quality of the cars. If you want to compare the cars you look for it in the auto reviewes and not in the tariff levels. Therefore, the answers to your own questions are not correct.
If your cars are the best product for the best price, no tariffs are required. Free trade willout, The only reason you tariff is to protect a domestic industry from foreign competition. That's why you do it. All you have to do cease Trumps tariff retaliations is to put your money where your mouth is. To say "my cars are superior quality and can out compete the global competition in a free trade environment". And then prove it. Drop your tariffs or accept counter tariffs. Your choice. Threatening a trade war that you will badly lose just makes a laughing stock out of yourself. And by the way get used to this. America is your biggest export market, and your second biggest export market is my country. And we are going to be having the very same conversation with you next year once we leave the EU. The happy time is over. You've been taking the piss.
No. You are wrong. Few people buy in Europe american cars, that are produced here in Europe and are competitive in prices. You may hardly find people who buy american cars in Germany, because they are crap. You even do not need to read reviews- just go on the street and look.
So, are we, the US running trade deficits with eurpopean nations? And if not, there would be no need for trade wars. If you are running deficits, which used to be unacceptable before slave labor globalism took over our economy, you should just smile and keep running them? These are the obvious questions to be asked, that no one seems to do. Except trump. What a bad guy he is!
No problem then. Dropping tariffs won't hurt you one bit. WTF are you complaining about? Just get on and do it already. They make Mercs and BMW's in America too. We will see if anyone wants to buy US cars when they are 10% cheaper. But be warned, if no one does, you will still have a trade imbalance and other tariffs will be imposed until you do not. So either acquire a taste for American goods, or lose your market in America. Your choice.
Of course, US is for free trade. That is why they imposed sanctions on Gazpom , trying to take the EU gas market, that is why they introduced the sanctions against Rusal, preventing that to have business in Europe, and that is exactly a trade war. That is why they have put sanctions against VW. Indeed, they are for free trade. I do not like american goods, so in no way I will buy it.
No problem. If you don't want to trade with America don't. Entirely up to you. If you do, do. No one is forcing you. You want to sell to them but buy nothing in return? Isn't going to work. You want to jack up the prices of their goods in your market place. No problem. They will do the same to you. No problem. Carry on. No one is crying for you. It's your own choice.
lol, some of us have been to Germany and see how it's citizens go bonkers over corvettes and Harleys. Absolutely ape ****.
