Dr. M on Nostr: While the European Commission is bragging about its alleged resistance to the US ...
While the European Commission is bragging about its alleged resistance to the US administration through a media funded by our tax money, behind closed doors it is preparing concessions that could ultimately have a positive impact on Europeans - lower taxes and less regulation.
The European Union is preparing a list of concessions it could offer the administration of former President Donald Trump in the hope of securing a partial lifting of US tariffs that have already begun to affect European exports - and are expected to rise after April 2.
According to sources familiar with the discussions, EU officials were told during meetings in Washington this week that there was no way to avoid a new round of auto and so-called reciprocal tariffs that would be implemented next week. At the same time, early talks have begun on what a possible deal to reduce the measures might look like.
In response, the European Commission - which oversees trade policy for the EU - has begun drafting a draft for a potential agreement. The document would list areas open to negotiation, including reducing EU tariffs, joint ventures with the US and potentially easing some regulations and standards.
Trump's "reciprocal" tariffs, which he announced next week, are designed to counter what Trump sees as unfair practices, including not only tariffs on US goods but also non-tariff barriers such as EU regulations, tax collection systems and levies such as VAT, digital services tax and regulation.
VAT is a neutral, non-discriminatory tax that applies equally to imported and domestic goods, but the US president sees it as a barrier to US exports because it raises the price of goods.
#EU #US #taxation #tariffs #regulations #VAT #Trump
The European Union is preparing a list of concessions it could offer the administration of former President Donald Trump in the hope of securing a partial lifting of US tariffs that have already begun to affect European exports - and are expected to rise after April 2.
According to sources familiar with the discussions, EU officials were told during meetings in Washington this week that there was no way to avoid a new round of auto and so-called reciprocal tariffs that would be implemented next week. At the same time, early talks have begun on what a possible deal to reduce the measures might look like.
In response, the European Commission - which oversees trade policy for the EU - has begun drafting a draft for a potential agreement. The document would list areas open to negotiation, including reducing EU tariffs, joint ventures with the US and potentially easing some regulations and standards.
Trump's "reciprocal" tariffs, which he announced next week, are designed to counter what Trump sees as unfair practices, including not only tariffs on US goods but also non-tariff barriers such as EU regulations, tax collection systems and levies such as VAT, digital services tax and regulation.
VAT is a neutral, non-discriminatory tax that applies equally to imported and domestic goods, but the US president sees it as a barrier to US exports because it raises the price of goods.
#EU #US #taxation #tariffs #regulations #VAT #Trump