The United States is prepared to extend current exemption from penalties applicable to steel and aluminium in EU. The White House’s chief economic adviser, Larry Kudlow, said in CNBC channel that his government wanted to see “concessions” from Europeans, such as ir tariffs on car imports.
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The current derogation for States of European Union expires next Tuesday. According to German government circles, exceptions are probably not extended beyond April. To be able to continue to apply, it is “very important that some of our friends make some concessions in terms of trade practices, customs duties and taxes,” Kudlow said.
As an example, he called “same treatment of automobiles”. The US government complains that tariffs on US car imports in EU are significantly higher than vice versa. Trump had announced duties on steel, aluminum and German cars.
Trade disputes also subject to Merkel’s US visit
Trade disputes should also be subject of a working meeting between Chancellor Angela Merkel and US president Donald Trump on Friday. They were also raised during three-day state visit of French President Emmanuel Macron in United States. The working meeting with Merkel is scheduled for two and a half hours; Overall, Federal Chancellor’s visit to Washington should not take 22 hours. Merkel wants to avoid a trade war that is likely to harm German industry.
Following three-day visit of French President Emmanuel Macron at Trump, which is accompanied by a lot of pomp, personal interaction between US President and Chancellor will come to a special interest. On her first visit to Trump a year ago, US president had partially dismissed. Since n, personal relationship has deteriorated more.
