January 24, Brussels. The European Union may impose $ 23 billion in reciprocal duties on goods from the United States. According to Jean-Luc Demarty, General Director for Trade at the European Commission, the other day, US President Donald Trump reiterated his plans for additional taxation of cars and auto parts imported from Europe. Meanwhile, the cost of exporting cars to the American market is ten times higher than the total export price of steel and aluminum from the European Union.
Thus, the European official's statement does not exclude the possibility of a sudden escalation of transatlantic trade relations after the armistice signed six months ago.
On July 25, 2018, Donald Trump and Jean-Claude Juncker signed an agreement to prevent the risk of increased customs duties on vehicles and parts from the EU.
