The European Commission “sees no justification to increase the American rates for their export” and emphasized that it is “a step in the wrong direction”.
The European Union (EU) confirmed this Friday that the “firm and immediately” will respond “against the” mutual rates “that the President of the United States, Donald Trump, to the countries that taxing American products, as” unjustified ” Announced, to the countries that tax American products, she considers “unjustified” and “a step in the bad direction”.
“The EU will respond firm and immediately against unjustified barriers to free and honest trade, even when rates are used to question legal and non -discriminatory policy. The EU will always protect companies, employees and European consumers against unjust tariff measures” the European Commission “(CE) has indicated in a statement.
The community leader emphasized that he is of the opinion that the commercial policy is ‘mutually’ proposed by Trump is ‘a step in the wrong direction’, and assured that the EU is still committed to an open and predictable worldwide commercial system that all partners ten good.
The committee recalled that the EU “maintains” some of the lowest rates in the world “and emphasized that” there is no justification to increase American rates for their exports. “
“The rates are taxes. By imposing rates, the US the efficiency and integration of world markets.”
In his opinion, World Trade is well with the near and transparent standards and low rates.
He pointed out that the EU has been working with commercial partners such as the US for decades to reduce rates and other commercial barriers worldwide, which enhances this opening by binding obligations in the commercial system based on standards, “obligations that EE. UU. He is now undermining.
Brussels also assured that the EU is “one of the most open economies in the world”, with more than 70 % of the entry with zero rate, while the average rate that applies to imported goods “remains one of the lowest in the world “.
“Economic integration and the elimination of commercial barriers have been fundamentally for the success of the European Union,” he concluded.
The committee therefore emphasized that it believes in commercial associations “mutually beneficial and balanced, based on transparency and fairness”, and therefore the EU has the largest network of commercial agreements in the world and the one who grows faster.
Finally, the EU has referred and negotiated and concluded more than triple commercial agreements than the United States.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
