European Union to remove tariffs on industrial goods

A European Union Officially proposed on Thursday to remove tariffs With regard to US industrial goods by performing a key element of the US-EU trading agreement and providing lower Car tariffs will be the back force by early August.

The European Commission, the EU Executive Hand, said in a statement that the removal of industrial goods, as well as the provision of “preferential access” for some US seafood and agricultural goods, “to provide the US relief for the vital automobile sector^ST August ”.

“These steps contribute to the restoration of stability and predictability in the EU trading and investment relations and investment in favor of business, workers and citizens on both sides of the Atlantic,” it added.

The proposal, which now needs to be approved by the European Parliament and the Council, was first set out last week at A, a joint statement from two trading partners. In it, they said that the United States “expected that the legislative proposals of the European Union will … adopted by the necessary legislative bodies.”

It states that the tariffs on Auts will be reduced from the first day of the month, when the EU’s legislative proposal was introduced – this means that duties should be reduced from August 1.

US and EU have announced that they have reached the trading transaction – After weeks of intense negotiations – at the end of July. US president Donald Trump He said the transaction would see 15% tariff imposed by most European goods in the US, including cars.

Bet became relief for US largest trading partner after Trump previously threatened her duties 30%. According to the transaction, the EU also pledged purchase We have $ 750 billion in energy and invest At least in the US an additional $ 600 billion