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– The EU is preparing a plan to counter the customs duties that Donald Trump intends to impose.
The EU has not said its last word. While the trade war triggered by Donald Trump Concerns a large part of the globe, the European Union intends to respond to the American offensive. According to AFP information, confirmed by the echoes, the EU will tax approximately 100 billion euros of American products. The President of the United States had announced a 20% increase in customs duties on products from Europe, before putting them on break for three months, until July. But in the meantime, an increase of 10% has been decided. Enough to make the EU react.
Despite everything, the European Union wants to believe that an exit of the crisis is possible. This threat to products from across the Atlantic would therefore be one more means of pressure to convince Donald Trump to drop his plan for the old continent. Thus, the European Commission said to the States of the Union that 100 billion euros in taxes on American products. The exact list will be made public this Thursday, May 8, believes to know the Financial Time. The American media specifies, however, that Boeing should be concerned.
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Boeing taxed in turn?
Earlier in the week, Maros Sefcovic, European Commerce Commissioner, assured that 70% of EU exports were subject to customs taxes from 10 to 25%. Furthermore, he said that about “549 billion euros in EU exports to the United States, or 97 % of the total” could be subject to customs duties if Donald Trump is pretended to maintain such important taxes on products from Europe.
For his part, the director general of the European aircraft manufacturer Airbus, Guillaume Faury, did not go there with his hand-care about his American competitor Boeing. The boss of the aircraft manufacturer calls for that he may be taxed if the American president persists and signs exponential customs duties.
