Daily Management Review

Malmström: EC does not exclude new US duties on cars and is preparing a response


10/05/2018


The European Commission does not exclude the possibility of the United States imposing new duties on automotive products imports from the European Union, and is preparing to respond to the rules of the World Trade Organization (WTO) in this case, said European Commissioner for Trade Cecilia Malmström at a press conference after the informal meeting of EU trade ministers.



libereurope
libereurope
"If duties on cars happen..., it certainly can happen, we are preparing and are in dialogue with the EU countries. In this case, we will also have a list of products that will be much longer (than the list of EC in response to US duties on steel and aluminum) because it covers a lot more trade. This list is being prepared, we have not completed it yet. We still hope that this will never happen. But if this happens, we are ready and we told the US that we will take action, "she said.

In summer, the European Commission introduced the so-called rebalancing measures - additional 25% duties on imports of certain goods from the US totaling about 3 billion euros to the EU - in response to the increase in the United States import tariffs on steel and aluminum products from Europe.

This is one of the measures taken by the European Commission under the WTO rules in connection with the actions of the United States. The list includes, in particular, steel and aluminum products, agricultural products (among them orange juice, whiskey, rice, tobacco products) and some types of clothing.

The new EU duties were supposed to be in effect as long as the new US tariffs on steel and aluminum products from EU countries are in effect.

It is worth noting that the United States and the EU agreed in July to refrain from imposing new duties for the duration of the trade negotiations.

source: reuters.com






Science & Technology

Analysts: Google Search is losing clicks

Microsoft admits wiretapping users

French Optic 2000 unveils smart glasses

You Can Wear Your New Air Conditioner With Your Clothes

Research: Anonymous data is not so anonymous anymore

Tech giants face stricter government regulation in the US

Nestle's Head: Veggie meat is new megatrend

Huawei may introduce Android replacement in August

Are US high-tech investors causing brain drain in Europe?

'Russia's Google' Yandex Was Hacked By Western Intelligence For Spying: Reuters

World Politics

World & Politics

European Social Democrats are losing ground

Hong Kong's richest citizen calls to stop violence and unrest in the city

UK railway operators exit Interrail system

Dozens of British Airways flights canceled or delayed due to computer malfunction

China keeps importing Iranian oil in spite of US sanctions

Marijuana legalization: Did Canada benefit from cannabis boom?

Republicans and Democrats focus on carbon pricing

Iran Hints It May Swap Seized Tankers With The UK