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"We must be prepared to respond symmetrically and effectively to any new trade restrictions that the US may impose on us," Bloomberg quoted him as saying. "We have prepared a draft list of 20 billion euros worth of imported goods from the United States, in regard to which some actions can be taken."
This statement demonstrates risks of escalating contradictions in trade between the US and the EU, despite an agreement reached in the summer of 2018. Recall that according to the paper, both parties promised to refrain from hostile measures and strive to completely eliminate duties and other trade barriers.
US authorities are currently conducting a vehicle import verification, which will be completed in February. It is noted that the cost of European cars delivered to the United States is 10 times higher than supply of steel and aluminum, for which duties were introduced last year.
source: bloomberg.com
This statement demonstrates risks of escalating contradictions in trade between the US and the EU, despite an agreement reached in the summer of 2018. Recall that according to the paper, both parties promised to refrain from hostile measures and strive to completely eliminate duties and other trade barriers.
US authorities are currently conducting a vehicle import verification, which will be completed in February. It is noted that the cost of European cars delivered to the United States is 10 times higher than supply of steel and aluminum, for which duties were introduced last year.
source: bloomberg.com
