Negative reactions on the application of customs rates of 15% in most European exports multiply in the United States. Critics say that the European Union should have adopted a more solid position and condemn the pact that could damage the blockade for years. The European Commission defends itself and states that it was the “best possible agreement in very difficult circumstances”. Germany, Italy and Ireland should be the most affected countries.
Negative reactions on the application of customs rates of 15% in most European exports multiply in the United States. Critics say that the European Union should have adopted a more solid position and condemn the pact that could damage the blockade for years. The European Commission defends itself and states that it was the “best possible agreement in very difficult circumstances”. Germany, Italy and Ireland should be the most affected countries.
LetÃcia Fonseca-Sounder, RFI correspondent in Brussels
“While the (European) summer turns into autumn”, it was with this metaphor that the British newspaper The guardian He described the commercial agreement between the European Union and the United States. While some block leaders made hot statements, other politicians have been outraged by the disastrous consequences of this unbalanced pact. The economic growth of the Eurozone which is already weak should be even slower.
“The European Commission has not been able to use all the weight of Europe in negotiations. Even if the president of the European Executive, Ursula von der Leyen Proclame Vitória to try to save his position, in the strategic plan the agreement is a defeat for Europe”, said the French economist Christian Saint-Étienne.
The victory therefore remains in the hands of the President of the United States Donald Trump, who managed to put Europe in its own conditions. In the commercial war he created, the Republican continues with his tactic to divide to reign better. The new US rates will come into force from Friday (1st).
Loss and damage
The European cosmetic industry, with almost 13% of its production for the US market, was hardly hit. The perfumes and cosmetics that have been free from entering the United States will now be taxed at 15%. Only in France, this threatens 5,000 jobs. Small and medium -sized French companies will also be affected. According to the confederation of small and medium -sized enterprises (CPMe), “the consequences of the pact will be very negative for the French economy and will have disastrous repercussions in the country”.
The German car manufacturers, on the other hand, were less affected than it feared by reducing the 30%supplement, initially threatened by Donald Trump, at 15%. However, the sector analysts warn that this lower rate will also cost billions of euros to the German car industry.
Against the struggle for the climate, Von der Leyen agreed to overthrow the rate of American cars from 10% to 2.5%. In practice, the cars of the three main American car manufacturers – GM, Ford and Chrysler – will receive a green traffic light to move on the European roads. In the meantime, in the United States, Trump tries to dismantle policies that limit greenhouse gas emissions to vehicles manufactured in the country.
As for the Trump tariff sectors, we can mention pharmaceutical products that direct the list of European exports to the United States. They must remain exempt from every rhythm. However, if Trump changes his mind, Brussels has already said that there will be retaliation. According to Eurostat, EU statistics agency, Europe exported about 120 billion drugs for last year on the US market, equivalent to 22.5% of the total European goods exported to the United States.
Zero rates will also be applied to other strategic sectors such as parts of aircraft and aircraft, some chemicals, equipment for semiconductors and some agricultural products, as well as essential raw materials.
Geopolitical impact
The official explanation is that Europe wants to put an end to all the addiction to the gas of Russia, which still provides 20% of the liquefied natural gas (GNL) for the European Union, therefore the pact provides that Europeans purchase 750 billion dollars in American energy products – natural liquefied gas, oil and nuclear nucleus – during the following three years.
According to analysts, the European Commission has no power on the oil and gas market and that, when the agreement with the United States ends, Von der Leyen acted beyond the limits defined by his mandate. Last week, Von der Leyen met Chinese President Xi Jinping. It was a tense meeting scheduled mainly by commercial disputes. Now, Beijing sees the European Union by granting practically everything to the United States. European fragility in Trump negotiations can encourage Chinese to be adamant like Americans.
Source: Terra
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