Waiting for US President Donald Trump is the European Union (EU) to announce this week Executive measures to formalize the lower dictatorial of the Union for the automotive and the deals from duties for some industrial products, such as aircraft spare parts, according to Bloomberg sources.
The two sides are also expected to publish a joint statement describing the political commitments that Trump and European Commission President Ursula von der Laieni will last month, while the legal form that measures will be taken depends on the US, the sources added. According to the terms agreed with Washington, the EU faces a 15% duty from the US for most of its exports. This will also apply to the automotive industry instead of the current level of 25%, as well as to any future sectoral measures targeted by medicinal products and semiconductors, as previously stated on both sides.
An executive order issued by the White House last week confirmed that the Catholic tax would apply to the EU as a ceiling, while most other commercial partners will see their basic percentage added to the existing duties of the so -called now favored country.
However, the mandate covered only the so -called reciprocal contributors and did not provide exceptions, nor the way in which Trump’s sectoral measures would be applied to commercial partners. In addition to universal tax, the US president imposed a 25% duty on cars and car spare parts and twice as much on steel and aluminum. It also threatens to target medicinal products and semiconductors in the near future.
Officials expect that only a limited number of products, including certain generic drugs and air products, will be lower than the basic 15% this week. The two sides will continue to negotiate exceptions for other products, such as wine and alcoholic beverages, as well as other species that could benefit from zero-for-dust duty adjustments, as Bloomberg said earlier.
The EU is also pushing for an agreement that will allow the export of a certain volume of steel and aluminum to the US with a lower rate than the 50% currently imposed on metals. These negotiations are conducted in parallel with discussions aimed at protecting the supply chains from surplus production capacity.
Any sign that the US does not comply with agreed political commitments will lead to new calls by EU Member States to react, some of the participants said. The Union has prepared countermeasures covering goods worth almost € 100 billion ($ 116 billion), which could be applied automatically if needed.