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Up to now, close partners are fighting against global trade. After the EU, Canada has now imposed countermeasures against Donald Trump's punitive tariffs. He criticizes the World Trade Organization, but does not want to resign.
(dpa) The global trade dispute over President Donald Trump's special rights over imports into the United States continues to increase. Trump made harsh attacks against the EU on Sunday. "The EU could be as bad as China," the president said in an interview with Fox News. Europe sells cars in the United States, he said, naming the Mercedes brand. US manufacturers would have a much harder time selling their products to the EU. The United States has a trade deficit of $ 151 billion against the EU.
The Financial Times reported Sunday that the EU had sent a warning to the US Department of Commerce. It threatens a large-scale trade war with retaliatory measures on the global scale of $ 300 billion. According to the newspaper quoted by the newspaper, the European Commission also highlights jobs in the US auto industry that could be affected by this conflict.
Canada also opposes special rights
Like the European Union, Canada has taken decisive countermeasures, Since Sunday, tariffs on imports of steel products and aluminum from the United States apply. Foreign Minister Chrystia Freeland had announced that it was goods worth 10 billion euros. "Canada has no choice but to respond with a moderate, reciprocal dollar-for-dollar response," Freeland said Friday.
As the EU, Canada also continues Trump's imposition of special duties on 25% steel imports and aluminum at the rate of ten percent. In the case of Canada, the measures also violated the regulations of the NAFTA joint free trade agreement. Trump will decide his future only after the November US legislative elections. The renegotiation of the agreement, which is at the base of one of the largest free trade areas in the world, should have taken place a long time ago.
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Trump denied Friday the speculation that he plans to leave the WTO. "I'm not talking about a retreat," Trump said. However, the WTO has treated the United States very unfairly in the past. This must stop. The United States has lost many disputes in the WTO because they have not been sufficiently taken into account to fill the decision-making body.
Trump has threatened countries like China and Germany to aggravate the trade dispute. Additional rights on cars delivered in the United States are also under discussion. Many times, he mentioned in this context, the German car production.
The EU countries agreed resolute reaction
BMW warns in a letter to US Secretary of Commerce Wilbur Ross before such tariffs. "National auto production has no obvious connection to the national security of the United States," she says. "It seems that the purpose of threatening these tariffs is to achieve certain economic goals." The imposition of duties is not likely to increase US economic growth and thereby boost competitiveness.
The US automotive industry also vehemently expresses against. If the government were to increase trade barriers for automakers, it would pose risks that could hurt competitiveness in the United States and lead to job losses, warned Friday the largest US automaker, General Motors . Previously, the Auto Alliance lobby association, which includes not only GM, but also big names in the industry such as Ford, Toyota or Volkswagen, has warned of high costs for consumers. "Prices on cars and auto parts increase prices for customers, they reduce the selection and invite trading partners to respond," said the call.
The European states accepted a definite answer to any new additional obligations. "The European Union must respond to all actions that are clearly protectionist in nature," said the declaration of the Summit of Heads of State and Government on Friday. At the same time, EU leaders in the text once again fully support the countermeasures already initiated on Trump's additional duties on steel and aluminum imports.
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