President trump has threatened a 20% tax on car imports from the European Union if the bloc does not cancel the import duties and other barriers for U.S. goods.
«If taxes and trade barriers, which has long acted for the United States and our largest companies will not be charged, we will install a 20% duty on all imported (by the EU. — USA.one) cars in the United States. Collect them here!» — trump wrote on June 22 in Twitter.
Based on the Tariffs and Trade Barriers long placed on the U. S. and great companies and it workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!
— Donald J. Trump (@realDonaldTrump) June 22, 2018
Trump’s tweet came a few hours after the EU imposed the import tax on goods from the United States totaling $3.3 billion in response to the imposition of States to tax imported from Europe, aluminium and steel. In total global trade confrontation could cost the EU $300 billion.
The import tax of the EU have imposed politically resonant products, which have become a symbol of the United States. So, 25% import duty was set for motorcycles Harley-Davidson, Levi Strauss jeans, and Bourbon. Total retaliatory tax sanctions affected approximately 200 categories of U.S. imports, including corn, rice, orange juice, cigarettes, cigars, clothing, beauty products, and also products of shipbuilding.
Trade confrontation with the EU are likely to exacerbate trade war which the U.S. unleashed with China.
To resolve the conflict of interests this week in Washington was attended by US Ambassador to Germany Rick Grenelle. He turned to the adviser for trade the White house Peter Navarro, the Minister of Commerce Wilbur Ross, U.S. trade representative Robert Leithiser and Minister of Finance Steve Mnuchin with the proposal to abolish the tax for cars imported from the U.S. to Europe and from EU States.
This idea has found support in presidential Administration, and among the German automakers, however, the official agreement had not yet been attained.
Before the U.S. Department of Commerce must certify that the import of cars from the EU will not hurt American industry, and with it the country’s defense. In may analysts of the Ministry began to study the issue.
Meanwhile, bill Ranch, the former head of the National Council for foreign trade, and now a senior adviser at the Center for strategic and international studies in Washington, said that the investigation could undermine the credibility of the world Trade Organization to the United States.
