{"id":354,"date":"2018-06-07T23:48:09","date_gmt":"2018-06-07T20:18:09","guid":{"rendered":"http:\/\/icdst.org\/blog\/?p=354"},"modified":"2018-06-26T19:02:24","modified_gmt":"2018-06-26T15:32:24","slug":"how-is-eu-preparing-for-the-trade-war-with-the-u-s","status":"publish","type":"post","link":"https:\/\/icdst.org\/blog\/index.php\/2018\/06\/07\/how-is-eu-preparing-for-the-trade-war-with-the-u-s\/","title":{"rendered":"How is EU preparing for the trade war with the U.S.?"},"content":{"rendered":"
He had promised it during his presidential campaign. He did it. To the chagrin of the rest of the world – and even some of its Republican allies – Donald Trump<\/a> validated Thursday the introduction of tariffs on imports of steel (25%) and aluminum (10%) . And if at the moment Canada and Mexico are the only ones to be exempt from taxes, this trade barrier has immediately triggered the anger and concern of many countries. China, Brazil, Japan, Europe: allies and rivals of the United States denounce this attack against free trade. What trigger a trade war?<\/p>\n
“Dialogue is always the first option for the European Union,” says Cecilia Malmstr\u00f6m, European Commissioner for Trade.<\/p>\n
Officially, EU countries – which exported 5.3 billion euros of steel and 1.1 billion euros of aluminum to the United States in 2017 – still hope that Donald Trump will give up these measures protectionists supposed to enter into force in fifteen days. “The EU is a close ally of the United States and we continue to believe that the EU<\/a> should be exempt from these measures,” she said.<\/p><\/blockquote>\n
Behind the scenes, this is actually months that the 28 member countries are preparing to respond. “We are ready and will be ready to use re-balancing measures if necessary,”<\/em> Jyrki Katainen, the Vice President of the European Commission, explicitly threatened on Friday. How? Brussels has conscientiously compiled the list of products imported from the United States that could, in turn, be taxed up to 2.8 billion euros.<\/p>\n