Their will announce the plan to impose duties at an event in the garden of its wheels at 4pm on Wednesday afternoon, local time (23.00 Greek time).
White house officials said today that definitive decisions have not yet been made on the size and target of duties.
According to the Washington Post, Trump’s advisers are developing a plan to increase the tariffs on the products by about 20% for almost all countries, instead of the most targeted approach also examined. The US government estimates that with the new duties it will earn $ 6 trillion, which could be returned to American citizens.
One consultant said, however, that any reference to tomorrow’s announcements is but a “mere guess”. The Republican president has already imposed duties on steel and aluminum imports and increased duties for all imported Chinese products, exacerbating tensions with his country’s largest commercial partners.
The EU ready for renovations
“All the media is on the table.” This was stated by Commission President Ursula von der Laien, speaking to the third in the European Parliament, referring to a “strong plan for retaliation” to the extent that Donald Trump imposes “mutual duties” on all imports in the US.
Brussels will negotiate “from a position of power,” he said, sending a message across the Atlantic: “Europe has a lot of papers. From trade to technology to the size of our market. But, this power is also based on our readiness to receive firmly countermeasures. All the media is on the table, “he said.
Big Tech and Banks
The EU has the ability to hit the exports of services to which the US is superior. This could include the suspension of certain copyright rights and the exclusion of companies from public procurement contracts under the EU executive regulation, the FT writes.
Targeting US services, Brussels could think of banks such as JP Morgan or Bank of America or technology players such as the social network X of Elon Musk, Google Search Giants or Amazon, the world’s largest online retail seller, Politico points out.
A further escalation would be the use of the Anti-Coercion Instrument mechanism, which would mean that the EU will be able to proceed with even more painful actions for intellectual property and public contracts and reduce the access of US financial services to its markets. its Member States.
Remarkable is the comment of Tobias Gehrke, a senior associate of the Commission on Foreign Policy: “The technological giants, the financial industry and the drug companies of America have deep roots in Europe. If pressed too much, Brussels could tighten the screws: Digital contributions to Silicon Valley, Wall Street regulatory rules or taxes to US drug exports. ” As he said, “America can hold the biggest stick, but Europe has many sharp stones to fly.”
“Seeing the attitude of the major American technology companies in recent months, all close to Trump, you have the impression that they are pushing the White House against Europe. In fact, they are extremely vulnerable to retaliation, “said Yves Melin, a co -founder of the law firm Cassidy Levy Kent.
