Action, reaction. As soon as an hour had passed since the US president, Donald Trump, announced the first great agreement fruit of his tariff war, a firm that will be held with the United Kingdom, another important announcement has arrived in this area since the old Europe. No, they have not been the nuances of the Premier Keir Starmer from London, it has been from Brussels, since the very European commission.
From the agency chaired by Ursula von der Leyen they have announced that the public consultation for which the second response to the Trump administration tariffs is already open, which although they have been frozen in tune with the suspension activated in the US, are waiting for an eventual breakage of negotiations to be activated.
It is a diverse list of products – with a great industrial accent – and services that would mean a marriage of 95,000 million euros for the US economy. 107.2 billion if we talk about dollars. This consultation will end on June 10. Meanwhile, the Commission will review the answers and formulate a final list at the end of that month or even in early July. It is a kind of ace in the sleeve for the US to know what it is adhered to if the contacts fail.
Trump’s suspension to his own tariffs will end on July 8, so the times would be accompanied in case the negotiations did not get to fruition. In addition to the 10% reciprocal tariffs -a ‘mirror rate’ to the whole world -, USA imposed 25% on imports of steel, aluminum and European cars, while threats on alcoholic beverages, sector where Spain, France and Italy would suffer greatly.
Brussels, knowing that this consultation will result in the twenty -seven and their companies are pronounced on some countermeasures that can also take its toll domestic, has put the peephole on the wine, fish, aircraft, cars and their components, chemicals, electrical equipment, sanitary products and the machinery that comes from the US.
Brussels knocks on the door of the World Trade Organization
The other great announcement formulated from Brussels has been the confirmation that US tariffs will carry the largest economic arbitration agency at an international scale, that is, the World Trade Organization (WTO). This is a strategic route that has already been announced that the EU would travel, but, in a way, it adds to the road map that follows the greatest adversary in this commercial conflict initiated by the US.
China is the only country that has not seen how tariffs against it were suspended. Although they are negotiating in the Swiss neutral, the truth is that Beijing counterattacked with their tariffs, causing the US to upload them even more and then ended up solving that there were no more increases by the Chinese part. They were absolutely destroyed any possibility of both products in both markets and announced that they were going to the offensive in the field of international arbitration.
