The European Union has spent months in search of traumatic rates from the United States, block Most important Trading partner on Wednesday, when the US Steel and Aluminum rates were implemented at 25 %, European officials began responding.
While the United States buys most steel and aluminum from countries, including Canada, Brazil and Mexico, Germany is a notable steel producer.
And because the revenue will also affect products that include steel and aluminum, such as cokware and window frames, The European Union saidThey can reach about $ 26 billion – $ 28 billion of the overall block exports.
The denial on Wednesday is an attempt to withdraw from the European Union’s equivalent measure.
The answer will come in two parts. The European Union had increased revenue on several goods in retaliation for US actions during President Trump’s first term, but was suspended under the Biden administration.
The suspension will be allowed to expire on April 1, which means that billions of worth of products will be implemented, including boats, bourbons and motorcycles.
It states that the second phase of the block will have to pay taxes on additional products worth $ 18 billion. Representatives from all over Europe will consult for two weeks before finalizing the list of personnel affected.
Items that have been suggested Industrial and agricultural to add, including domestic appliances, poultry and beef. The aim is to impose new measures by mid -April.
The announcement was in the opening of Europe’s opening trade dispute – which is expected to intensify in the subsequent month.
For the block, US Steel and Aluminum prices have started by Mr Trump. He has repeatedly said that he will set widespread taxes on US trade partners globally with April 2. He suggests that Levies may be especially on cars. 25 %A person who will be painful for German and Italian carmakers.
“We are now in this growing spiral,” said Carsten Berzesky, the world head of macro -research in the bank innings.
On the one hand, the European Union does not want to increase the trade war. Officials want the United States to talk to them. European officials have called rates “Economically inconsistent“Warning that a tight for Tate tariff fight will hurt everyone involved.
“Taxes are taxes,” said Arsola Van Der Leene, president of the block’s executive arm, European Commission, Arsola Van Dare Leene. “Jobs are at stake, prices go up, no one needs it.”
But the Trump administration is reluctant to negotiate, forcing European policy makers to take a more aggressive stance.
“I traveled to the United States last month. During a press briefing on Monday, the European Commission’s senior trading official, Marvis Saifkoich, said that I was trying constructive dialogue to prevent unnecessary pains of measures and retaliatory measures. “Finally, as said, one hand cannot clap. It seems that the US administration is not engaged in a contract.
He added: “As the United States is seeing its interests, so is the European Union.”
Mr Trump’s prices come to a difficult moment for the European economy. After many years of flags, businesses across the block are now staring at the possibility of worsening trade conditions that can damage their overseas business.
Groups representing the German steel industry, for example, Have said When tariffs come to an “Innoporote Time”, when producers in the European Union are already dealing with the cheap competition coming from China.
At least, Europe was not surprised. A trade -based group, called the Bollywood Task Force, within the European Union, spent most of the last year in the preparation of various trade disputes.
But European – and other US trade partners have been difficult to decide how to respond to the risk of taxes. It is unclear what Mr. Trump’s goals are or who will eventually be maintained, as the Trump administration has at least temporarily, threatened and then making back tracking.
“It is difficult to know what is sticking and what to stay,” said Michael Sterin, director of the American Enterprise Institute’s Economic Policy Studies in Washington.
European officials have also struggled to get their US counterparts over the phone. Ms. Van Dare Leene has not spoken individually with Mr Trump since her inauguration.
At a news conference on Sunday, when she could talk to her, she said: “When time is right, we will have a personal meeting.”
Block’s chief diplomat, Kaja Callus, was meeting with the US Secretary of State, Marco Rubio in Washington at the end of February, but Mr. Rubio Canceled this meeting.
And diplomats from the European Union and its member states have struggled to identify who they should talk to the Trump administration, because they lack clear how decisions are being made.
“I think the administration’s goals are a lack of levels,” said Jarin Flick, senior director of the European Center at the Atlantic Council of the Washington -based research institute.
And he said that Europe can struggle more to respond to the world in which the United States does not just want to make a contract – but also wants to reset the World Trade Order basically so that more can be created in the United States.
“There may be a contract,” he said.
