EU: do not be too optimistic about the import tariff exemption of US steel and aluminum

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 EU: do not be too optimistic about the import tariff exemption of US steel and aluminum


The Frankfurt financial report, the famous German financial media, reported 15 days ago that the European Commission seems to be facing the most serious dispute between Washington and the WTO, and has no expectations for filing a lawsuit against the WTO. The European Commission warned that the dispute could make the whole multilateral trading system in chaos. The report said the documents obtained showed that the European Commission would continue to negotiate with the United States despite the decision to make the worst preparation. The European Commission's Commissioner for trade, Cecilia Malmstern, hopes to meet with us commerce minister Wilbur Ross next week. Then, the leaders of the member countries will discuss how to deal with them at the EU summit next week. The U.S. government announced earlier this month, from 23, 25% and 10% respectively, the tariff levied on imports of steel and aluminum products, but said it is the talk of "North American Free Trade Agreement" of Canada and Mexico will be temporarily exempted. At the same time, other economies can also apply for exemption, and the specific negotiations are held by the US trade representative. The European Commission has previously said that if the US impose high tariffs, the EU may impose retaliatory tariffs on some US products and lodge a complaint with the WTO. Source: Xinhua editor: Shao Li responsible editor: Huang Zhecheng _B9302 reported that the documents obtained showed that despite the decision to prepare for the worst, the European Commission still intends to continue negotiations with the United States. The European Commission's Commissioner for trade, Cecilia Malmstern, hopes to meet with us commerce minister Wilbur Ross next week. Then, the leaders of the member countries will discuss how to deal with them at the EU summit next week. The U.S. government announced earlier this month, from 23, 25% and 10% respectively, the tariff levied on imports of steel and aluminum products, but said it is the talk of "North American Free Trade Agreement" of Canada and Mexico will be temporarily exempted. At the same time, other economies can also apply for exemption, and the specific negotiations are held by the US trade representative. The European Commission has previously said that if the US impose high tariffs, the EU may impose retaliatory tariffs on some US products and lodge a complaint with the WTO.