Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

The EU “strongly” regrets what is planned twice

The EU has said that “Donald Trump’s unexpected plan has doubled the tariffs on the US on the steel and aluminum, which risks throwing bilateral trade talks in chaos.

On Friday, the US president said the action in the Pittsburgh steel city, that tariffs would grow from 25% to 50%, claiming it will increase the local industry and national supplies.

On Saturday, the European Commission reported the BBC that the last step of Trump at tariffs “undermines constant efforts” to reach the transaction, warning of “countermeasures”.

It also raises questions about the UK’s zero tariff from the United States by the steel and aluminum, which, although agreed, has not yet been signed.

The UK Government Press said that “we cooperate with the US on the consequences of the latest tariff announcement and ensure clarity for the industry.”

UK – left the EU after the Brexit 2016 referendum – was the first country to receive a Trade transaction with the US earlier this month.

In a statement sent to the BBC on Saturday, the European Commission, the EU executive hand said: “We are very sorry for the announced increase in steel import tariffs from 25% to 50%.

“This decision adds additional uncertainty to the world economy and increases the costs for consumers and businesses on both sides of the Atlantic.

“The increase in tariffs also undermines the constant efforts to achieve a negotiation decision.

“With a good faith, the EU has stopped counteracting on April 14 to create space for permanent negotiations,” the statement said, warning that the block is “ready to impose opposition”.

On Friday, Trump announced the tariff rate on the import of steel and aluminum, which will double to 50%since Wednesday.

He said this step would help to increase the local steel industry and national delivery while reducing dependence on China.

Trump also said 14 billion dollars ($ 10 billion) will be invested in the production of steel through the partnership between the US and Japanese Nippon Steel, although he later told reporters that he still had to see and approve the final deal.

The announcement was the last turn in the approach to Trump’s mountainous mountains since re -entering the office in January.

“There will be no dismissal and no outsources, and every American steel worker will soon receive a well -deserved bonus of $ 5,000,” Trump’s crowd, filled with steel workers.

In recent years, production has declined, and China, India and Japan have come forward as leading manufacturers in the world. Approximately a quarter of the whole steel used in the US is imported.

The announcement goes against the background of a judicial battle the legality of some global Trump tariffs, Which appeal court allowed to continue after the International Trade court ordered the administration to stop taxes.

His tariffs on the steel and aluminum were not touched by the trial.

Last week, Trump has agreed to extend the deadline for coordination of tariffs with the EU for more than a month.

In April, it announced a 20% tariff – or import tax – most of the EU goods, but later reduced it to 10% to allow time to negotiate. Trump expressed his disappointment with the talks and threatened to raise the tariff rate to an even higher level of 50%as soon as June 1.

But last week, he wrote on social media that he had repelled his term until July 9, after the “very pleasant” call with Ursula von der Leyen, the head of the European Commission.

Source link