Moscow, August 23 — “News. Economy” the document provides for the imposition of unilateral tariffs on American goods.
The European Union is preparing to challenge the trade policy of the United States. According to the newspaper Politico, in Brussels, has developed an economic programme that involves the introduction of customs duties on American goods unilaterally, and promote the development of European technology companies.
The authors of the 173-page document seek to confront trade policies trump and American technogiant: Google, Apple, Amazon, Microsoft and Facebook. The plan provides for the establishment by the Chairman of the EC Ursula von der Leyen European Foundation for the future. The organization needs to invest more than $100 billion in shares of promising companies in the EU that, according to the authors, will help in the competitive struggle with American and Chinese technologytime.
As noted in the document, the EU needs to demonstrate greater resolve in the area of trade and to impose unilateral tariffs against goods from the United States. However, according to Politico, the initiative is still under consideration. The publication notes that Brexit will strengthen the position of France and Germany, long time ago in favour of more interventionist economic policies.
As wrote earlier “News. Economy”, experts have estimated the potential damage from a trade war between the US and the EU, noting that the effect will be more devastating than in the confrontation between Washington and Beijing.
“Trade between the EU and US is most important. Today it is the world’s largest bilateral trade flow. Taking into account exports and imports of goods and services, bilateral trade between the US and the EU in 2018 exceeded the trade turnover between the US and China more than 70%,” said CNBC economist of Berenberg Florian Khens.
According to the United States Trade representative, in 2018 States imported goods from the EU at $683,9 billion and China — $557,9 billion While US exports to Europe reached $574,5 billion, and in China — only $179,2 billion this figure includes both goods and services.
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