The EU will hit the USA weak point? Ursula von der Leyen announced that the European Union is ready for negotiations with USAbut he will approach them “from the position of strength”. – Europe has many cards to be given. From trade to technology and the size of our market. But this force is also based on our readiness to take firm remedies. All instruments are on the table – she said. Politico describes that Brussels may mean The largest American banks and technological giants among others Google and Amazon. Officially, retaliation for American duties is to be announced at the end of April. A spokeswoman for the French government announced this.
Great possibilities: – American technological giants, financial sector and pharmaceutical companies have deep roots in Europe. If we go too far, Brussels can tighten the screw: Digital taxes for Silicon Valley, regulatory restrictions on Wall Street or taxes for American pharmaceutical export – said Tobias Gehrke, an older researcher for politics at the European Council of Foreign Relations. – America can hold a larger one stickbut Europe has a lot of sharp stones to throw – he added.
The US wants to hit trade: President Donald Trump For several weeks, he has been called “the day of liberation” on April 2. On this day, the United States is planning to raise customs rates for imported products. The White House informs that they will have a historic dimension. Customs are to touch many countries of the worldincluding the European Union. The height of the tariffs is not known yet.
Europe will get a chance: In addition to retaliation duties, the European Union also plans: “trade diversification with other partners and increasing efforts to the uniform market”. This was officially said. Bloomberg also learned that it is being prepared Package of potential extraordinary funds, To support those sectors of the economy that can be most affected by American duties. This is to be short -term economic support.
Sources: Politico, BloombergIAR, Next.gazeta.pl