16.05.2021

The United States can impose duties on steel from the EU on 31 may

The administration trump may announce the new tariffs for the European Union on may 31, reported the newspaper the Wall Street Journal. The negotiations, Brussels and Washington were not successful.The administration of U.S. President Donald trump may 31 may to impose duties on imports of steel products and aluminium from the European Union. This was announced on Wednesday, may 30, the American newspaper The Wall Street Journal, citing informed sources.

According to her, the decision of Washington is due to the unwillingness of Brussels to go to the United States to make concessions.

Companies from the EU was twice given a reprieve from duties, for the last time – until June 1. Repeated attempts of the Europeans to abolish the duties on a permanent basis were not successful. In response, the EU intends to introduce from June 20 to 25 percent duties on American goods, among which are orange juice, whiskey, tobacco, and motorcycles.

European negotiators have told US that they are ready for dialogue, but not “going to negotiate under threat”. The Dutch Minister for foreign trade and development cooperation Sigrid Kaag on behalf of the European Union also stressed that the European community has the right to “perpetual exclusion” of the countries subject to tariffs.

Previously, Washington has refused to sign a joint statement of the participating countries of the Organization for economic cooperation and development (OECD), made at the meeting of economy Ministers in Paris. The United States voted against the document condemning protectionism and recalls the challenges of climate change.

German industry was supported by the EU in trade dispute with U.S.

The conclusion of one only of the customs agreement of the European Union with the United States – not enough, says the head of the Federal Association of German industry.Europe must not allow Washington to “blackmail” in the context of trade wars with the United States. Confidence in the head of the Federal Association of German industry (BDI), Dieter Kempf (Dieter Kempf) expressed on Sunday, may 27, in Berlin. His statement made on the eve of the entry into force of U.S. customs duties in connection with the EU, Canada and Mexico.

“Absolutely correct, if the EU on a long term basis and will continue to be excluded from the list of countries which imposed restrictions on the import of steel and aluminium,” said Kempf.

Only when these conditions are met, Brussels will be able to move to conduct detailed trade negotiations with the United States, he added. According to Kempf, “from the point of view of German industry is the conclusion of one only of the customs agreement with the United States – is not enough.” We should talk about the mutual opening of markets and removing trade barriers.

The President of the United States Donald trump previously established tariffs in the amount of 25 percent on imported steel and 10% aluminum, however, provided EU producers exemption from tariffs by 1 June. The EU’s proposal on the opening of their markets to products from the United States, including cars, apparently, did not convince Washington to abandon customs duties, in turn, said the EU Commissioner for trade Cecilia Malmstrom.

Six of the G7 countries criticized the U.S. for tariffs on steel and aluminum

Six of the countries “big seven” made it clear to the US that is ready to respond to imposed duties, but “choose another way”, said the Minister of Finance of France.Due to the imposition of duties on steel and aluminum United States virtually isolated among its partners in the “big seven”. In the meeting held in the canadian Whistler from may 31 to June 2, the Finance Ministers and Central Bank heads of six of the G7 countries unanimously expressed their colleagues from Washington’s “concern and disappointment” in connection with the duties, said the Minister of Finance of Canada, William Francis Morneau at the end of negotiations.

Of the disagreements in connection with the actions of the United States says the fact that participants issued a joint final Declaration, as was usually done at events in the format of G7, notes the news Agency AFP. According to him, the partners of the US “big seven” during the meeting have not seen from Washington ready to change course.

The Finance Minister of Germany has accused the US of violating the rules

The US imposed duties “not comply with the rules in force around the world,” said Finance Minister and Vice-Chancellor of Germany Olaf Scholz (Olaf Scholz). “The fact that the United States ceased to adhere to these rules, it is surprising and disappointing,” said Scholz, stressing that such strong disagreement – an unusual phenomenon for G7.

French Finance Minister Bruno Le Mayor in turn called a meeting with the United States and countries of the “big six” who gave Washington to understand that “the will to act (on the duties on steel and aluminum. – Ed.) but I prefer the other way.” The United States should be in the next few days, take measures to prevent a trade war, said Le Mayor.

Mnuchin gave Trump’s criticism of the partners in the G7

The head of the American Ministry of Finance Steven Mnuchin in response stated that the meeting was held “not a “G6+1″, namely in the format of G7,” and the US goal is “a fair and balanced trade”. Washington will continue talks with its partners about exceptions from the rules on fees, said Mnuchin. He also said that have already passed some critical statements of the partners in the G7 to President Donald Trump, who, however, still occupied a very strong position in this matter.

The decision on the introduction of US tariffs on steel and aluminium producers from the European Union, Canada and Mexico came into effect at midnight June 1 Washington time (7 am GMT). The United States imposed fees that make up 25 per cent on steel products and 10 percent of aluminum, initially from the 23rd of March, then companies from the EU twice the delay. Canada and the European Union filed a world trade organization (WTO) appeals against the imposition of duties.

In early June in the canadian city of Quebec will host talks between heads of States and governments of the “big seven”, which, as expected, the subject of American duties will be continued. In group G7 includes the United States, Canada, Germany, Japan, UK, France and Italy.

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