Us extended EU tariff negotiations cited concern: EUs cold response to US companies questioned

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 Us extended EU tariff negotiations cited concern: EUs cold response to US companies questioned


Postpone the negotiation of steel and aluminum tariff The steel and aluminum tariffs granted by the United States to several allies were temporarily suspended from 12 a.m. and 01 minutes in May 1st. It is not clear what conditions Argentina, Australia and Brazil are for perpetual tariff exemptions. The White House has not disclosed the contents of the three countries, but only said it would quickly finalise the details of the agreement. White House officials stressed that quotas are meant to protect American steel producers, and that exporters of steel and aluminum must accept quotas if they want to enjoy tax exemption. A source familiar with the decision said that June 1st will be the deadline for temporary exemption of steel and aluminum tariffs. A cold response from the European Union The United States announced that the EU EU steel and aluminum tariff exemption period will be extended for one month, and the European Union responded coldly. France, Germany and Britain agreed that the United States should introduce a permanent exemption measure. The European Parliament said it is not enough to extend until June 1st. The EU said that the decision of the United States to help resolve trade disputes can only exacerbate market instability. The EU also stressed that it would not negotiate under the threat. Tagani, President of the European Parliament, said that extending the year to June 1st was not enough. He said that this ambiguity was harmful to the interests of both sides. Moreover, Canada, Mexico and the European Union have strongly stated that they will not accept quotas for the purpose of obtaining permanent tariff exemption from the United States. Germany issued a statement on 1 July to remind the US side that the EU will discuss further measures with its member states. The German government also stressed the importance of contacts with the US: it is very important for the EU to seek and continue to maintain contacts with the United States. Germany also urged the US government to introduce permanent exemptions, and France and Britain also called for permanent immunity. It is reported in March 23rd that Trump announced a 25% and 10% tariff on imported steel and aluminum, which was designed to ensure that the capacity utilization of the US steel and aluminum industry could be raised to more than 80%, but the tariff not only increased the trade disputes between the United States and its trading partners, but also faced the world trade organization. Many challenges. The US government wants to restrict imports According to the analysis, in the trade dispute with Europe, the US side is not only interested in steel and aluminum, but Trump believes that there is a significant imbalance between EU trade. He pointed out that the EUs long-term trade surplus with the US has reached 120 billion 800 million euros in 2017. The US president also accused the EU of imposing a higher tariff than the US imposed tariffs. In the latest statement, the White House said that for the United States, the talks focused on restricting imports and protecting national security. One reason why Washington plans to impose tariffs on imported steel and aluminum is that domestic industry is threatened. Because of the importance of steel and aluminum to the army and infrastructure, related industries are vital to national security. Europe believes this is the USs move to protect local industries. Native American firms question Most American companies also think that tariffs will be counterproductive and hurt their interests because the prices of raw materials will rise, and both auto makers and beverage cans manufacturers will be affected. In addition, many of Trumps main electorates, including the American farmers, oppose the tariff plan and worry that they will affect their sales in the international market. Source: China News Net editor: He Yufang _NN5632