EU makes the USA cheeky zero-inch unit-is the deal possible?

EU makes the USA cheeky zero-inch unit-is the deal possible?

The European Union has made the United States a comprehensive range of all customs duties on the United States. In a statement, EU Commission President Ursula von der Leyen emphasized the willingness of the EU, despite the controversial pay decisions by US President Donald Trump, to lead negotiations. The offer, which was originally already made before Trump's pay decisions, was last renewed on Friday and shows the string of the EU to strengthen trade relationships.

The focus is particularly on free trade with cars. From the Leyen criticized that despite repeated inquiries on the part of the EU, no adequate feedback from the USA was made after answers to this topic. Presidential advisor Elon Musk was positive about a transatlantic free trade zone without tariffs and is optimistic about a possible zero customs situation between Europe and North America.

reactions and measures

announced by the Leyen to set up a task force to monitor imports. This is intended to observe the effects of the US import tariffs in detail and, if necessary, react to any commercial preservation weights. In addition, the EU plans to expand its trade relationships with countries such as India, Thailand, Malaysia and Indonesia and to advance existing agreements with the South American state alliance Mercosur, Mexico and Switzerland.

from the Leyen pointed out that 83 percent of global trade took place outside the United States. This number illustrates the need for the EU to pursue alternative trade strategies and not only be dependent on the United States. Trump's tariffs of tariffs, which pursues the goal of correcting commercial weight weights and bringing back production facilities back to the USA, is in direct contradiction to the EU ambitions in the field of free trade.

The context of the free trade agreement

The transatlantic free trade agreement (TTIP), which has been aimed at since his first discussion in the 1990s, is aimed at reducing tariffs and non -tariff trade barriers. Since the start of the negotiations in June 2013 at the G8 summit, however, the topic has been put on hold under the Presidency of Trump. Under the current bid administration, no new negotiations to revive TTIP have been initiated.

• Average customs levels are 5-7%
• Central disputes are the "Buy American" law and differences in the regulation of genetically modified foods
• EU environmental standards differ fundamentally from those of the USA

The discussion about TTIP remains controversial in view of the geopolitical situation and the different economic interests in the EU and the USA. Critics fear negative effects on jobs and standards. Protests in several European countries have made the concerns of civil society clear, in particular with regard to the non -transparency of the negotiations and the possible reduction of existing standards. Nevertheless, there are numerous forecasts that come from economic advantages for both sides.

The situation illustrates that trade relationships between the USA and the EU are not only characterized by current political decisions, but also by historically grown economic interests. The coming weeks and months will be crucial for future trading balance sheets on both sides of the Atlantic.