Europe accepts battle: war has begun
The European Union is about to take action in response to the introduction by the American President Donald Trump of duties on the import of steel and aluminum into the United States. Brussels believes that Washington imposes duties in the United States as a protectionist measure that not only supports the US the economy, but also beats the interests of a number of European states and companies.
Recall that the other day Donald Trump announced the introduction of duties on the import of aluminum by 10% and steel by 25%. It is known that the American president has long been going to introduce protectionist measures that should increase the interest of the American consumer in domestic products. On assurances that tariffs could cause a "trade war," Trump replied that the United States would win this war without any problems. However, a number political analysts and financiers argue that the loud statements of the American leader are a political show. In fact, Trump will not agree to tougher measures to raise tariffs, and he does not have the opportunity to win a trade war with a number of European countries.
There is another very interesting reason for the outbreak of a trade war, which lies not in the economic, but in the purely political plane. This is an investigation into the activities of Donald Trump and his entourage by US Attorney Robert Muller. Recently, Jared Kushnir, the son-in-law of the American president, considered one of Trump’s most influential associates, was denied access to US state secrets. It is possible that the American president will try to divert attention from his activities and his entourage through the transition to a trade war.
The European Union is going to introduce quite strict duties on the import into the European countries of American goods - clothes, cosmetics, motorcycles, pleasure boats, corn, orange juice, whiskey. The total value of US imports, which the EU imposes restrictions on, is up to 2,8 billion euros. So far, the idea of introducing duties has been supported by representatives of European states that are part of the European Union. It is possible that subsequently the list of goods for which duties will be introduced will be expanded. The European Commission will discuss more specific measures on Wednesday March 7 at a meeting in Brussels.
A trade war with Europe can seriously harm the economic situation of both the United States and European Union countries. Representatives of the diplomatic departments of Lithuania, Latvia and Estonia have already declared their unwillingness to enter into a trade conflict with the United States. As you know, the Baltic states are the most economically and politically dependent on the United States and perceive any confrontation between the European Union and the United States very painfully. Indeed, on the one hand, they are members of the European Union and are obliged to act in the framework of the interests of “united Europe,” but on the other hand, they maintain close ties with the United States.
In addition, dissatisfaction with the introduction of duties on steel and aluminum is expressed by Canada and China, trade with which is also of great importance to the United States. It seems that the ambitious plans of Donald trump could rather harm the American economy than entail the growth of domestic production. Moreover, many influential American politicians from the Republican Party are also dissatisfied with Trump's actions.
Recall that the other day Donald Trump announced the introduction of duties on the import of aluminum by 10% and steel by 25%. It is known that the American president has long been going to introduce protectionist measures that should increase the interest of the American consumer in domestic products. On assurances that tariffs could cause a "trade war," Trump replied that the United States would win this war without any problems. However, a number political analysts and financiers argue that the loud statements of the American leader are a political show. In fact, Trump will not agree to tougher measures to raise tariffs, and he does not have the opportunity to win a trade war with a number of European countries.
There is another very interesting reason for the outbreak of a trade war, which lies not in the economic, but in the purely political plane. This is an investigation into the activities of Donald Trump and his entourage by US Attorney Robert Muller. Recently, Jared Kushnir, the son-in-law of the American president, considered one of Trump’s most influential associates, was denied access to US state secrets. It is possible that the American president will try to divert attention from his activities and his entourage through the transition to a trade war.
The European Union is going to introduce quite strict duties on the import into the European countries of American goods - clothes, cosmetics, motorcycles, pleasure boats, corn, orange juice, whiskey. The total value of US imports, which the EU imposes restrictions on, is up to 2,8 billion euros. So far, the idea of introducing duties has been supported by representatives of European states that are part of the European Union. It is possible that subsequently the list of goods for which duties will be introduced will be expanded. The European Commission will discuss more specific measures on Wednesday March 7 at a meeting in Brussels.
A trade war with Europe can seriously harm the economic situation of both the United States and European Union countries. Representatives of the diplomatic departments of Lithuania, Latvia and Estonia have already declared their unwillingness to enter into a trade conflict with the United States. As you know, the Baltic states are the most economically and politically dependent on the United States and perceive any confrontation between the European Union and the United States very painfully. Indeed, on the one hand, they are members of the European Union and are obliged to act in the framework of the interests of “united Europe,” but on the other hand, they maintain close ties with the United States.
In addition, dissatisfaction with the introduction of duties on steel and aluminum is expressed by Canada and China, trade with which is also of great importance to the United States. It seems that the ambitious plans of Donald trump could rather harm the American economy than entail the growth of domestic production. Moreover, many influential American politicians from the Republican Party are also dissatisfied with Trump's actions.
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