> The U.S. and EU came close to scrapping industrial tariffs a decade ago in their discussions of the TTIP — the Transatlantic Trade and Investment Partnership — that was ultimately scuppered by Trump in his first term.
Ha ha ha. Sigh.
> The EU charges average tariffs of just 1.6 percent on U.S. non-agricultural products, on a trade-weighted basis. But it does charge a higher tariff of 10 percent on imported American cars — although the U.S. is the only G7 country that still pays it because TTIP wasn’t concluded.
Ditto.
> Von der Leyen also did not rule out retaliation: “We are also prepared to respond through countermeasures and defend our interests,” she said.
Yeah.
I've read on other sources that some of the EU officials commenting on this emphasize that it's not some new offer, but was already a point for negotiation before Trump's big event last Tuesday, though it's being framed in headlines as if it's new.
> The U.S. and EU came close to scrapping industrial tariffs a decade ago in their discussions of the TTIP — the Transatlantic Trade and Investment Partnership — that was ultimately scuppered by Trump in his first term.
Ha ha ha. Sigh.
> The EU charges average tariffs of just 1.6 percent on U.S. non-agricultural products, on a trade-weighted basis. But it does charge a higher tariff of 10 percent on imported American cars — although the U.S. is the only G7 country that still pays it because TTIP wasn’t concluded.
Ditto.
> Von der Leyen also did not rule out retaliation: “We are also prepared to respond through countermeasures and defend our interests,” she said.
Yeah.
I've read on other sources that some of the EU officials commenting on this emphasize that it's not some new offer, but was already a point for negotiation before Trump's big event last Tuesday, though it's being framed in headlines as if it's new.