China and Trump Inaccessible-EU list for counter-tariffs

There is no relaxation in the global trade conflict triggered by US President Donald Trump. Shortly before the entry into force of a huge US customs package against almost all countries, the White House has excluded exposure to the higher taxes. China had also signaled not to give in. The EU Commission advises on countermeasures on the new US tariffs.

US President Trump does not think of an extension or delay in the tariffs, said spokeswoman Weißen Haus, Karoline Leavitt. She talked to Trump about it. The tariffs would come into force on Wednesday night at 0:01 a.m. local time (6.01 CEST). This also applies to special tariffs against China, which would then be 104 percent.

Trump is waiting for a call from Beijing

President Trump believes that China wants to conclude an agreement with the United States. It was a mistake that China had taken retribution measures, said Leavitt, « because when America is beaten, it is harder back ». But the president believe that China is making an agreement. Beijing just doesn’t know how to do it, said Leavitt.

« And the president also wanted me to tell them all that he will be incredibly gracious when China extends his hand to make an agreement, but he will do what is the best for the American people, » said Leavitt. Trump had previously stated that he was waiting for a call from China.

The day before, the US President announced further special tariffs of another 50 percent for China. He reacted to Beijings announced counter -tariffs of 34 percent.

Signs are on escalation between Beijing and Washington

The Chinese Ministry of Commerce only announced that China would be determined to take countermeasures to protect its own rights and interests if the United States should further escalate its customs measures.

If the United States insists on its new tariffs, « China will definitely accompany it to the end, » said the Ministry. The statement can also be translated as « fighting to the end ». For the two largest economies, higher and higher customs surcharges and loads in the trade are emerging.

Trump wants to correct alleged trade weights with tariffs and move production to the USA. At the same time, customs income should serve to at least partially counter -financed tax cuts promised in the election campaign.

This Wednesday, the new US special tariffs come into force against numerous trading partners. 20 percent apply to the EU, and even higher taxes are due for imports from other countries. After the dramatic price losses, the stock exchanges went up a bit. Trump’s aggressive customs policy on the markets continues to ensure uncertainty worldwide.

Brussels consumes countermeasures

The EU is expected to collect additional tariffs on American whiskey. A list of the responsible EU Commission with products for initial countermeasures in the customs dispute with the USA, contrary to original plans, no longer contains a bourbon whiskey, as announced from EU circles.

This Wednesday is to be coordinated by the EU’s countermeasures. Trump recently rejected a proposal from Brussels to negotiate about the elimination of all tariffs on industrial goods.

EU reacts to new US tariffs to steel and aluminum imports

The planned EU special tariffs are initially the reaction to the new US tariffs imposed about a month ago to steel and aluminum imports. According to EU information, the US measures make exports worth 26 billion euros and could theoretically give the United States additional customs revenues of around 6.5 billion euros.

The reason for the lobbying of countries such as France and Italy is the reason that bourbon should no longer be hit by counter -tariffs. Trump had threatened wine, champagne and other alcoholic beverages from EU countries with counter-tariffs from EU countries if the EU should implement the project.

The countermeasures are expected to have a slightly lower extent than the US tariffs on steel and aluminum imports. The background to this is that you fear that countermeasures are harassed by countermeasures.

EU representatives emphasize that the state of the state is still willing to find a solution at the negotiating table. The European Union could possibly get a relief for the US tariffs if it decreases American energy in return.

Trump: « You have to buy our energy »

« We have a trade deficit with the European Union of $ 350 billion – and that will quickly disappear, » said Trump on the sidelines of a meeting with Israeli Prime Minister Benjamin Netanyahu. « You have to buy our energy – because you need you. »

This step alone could compensate for the 350 billion « within a week ». « You have to buy a comparable amount of energy – and commit yourself bindingly, » said Trump. When asked by a journalist whether the EU’s offer, to lift all mutual tariffs to cars and industrial goods, was not enough, he replied: « No, that’s not. »

Energy expert: Trump’s proposal « no great good deal »

A spokeswoman for the EU Commission said half of the LNG LNG liquid gas dating already came from the United States. In addition, she emphasized: « We are ready to discuss. We are ready to negotiate. » The most important thing is that energy comes from several sources. Excessive dependence on a single supplier should be avoided.

The energy expert Claudia Kemfert believes that Trump’s proposal that the EU can free itself from tariffs with liquefied gas worth 350 billion euros from tariffs. « It’s not a great deal of deal, » said Kemfert RTL/NTV.

« We would import very environmentally harmful fracking gas, which is also quite expensive ». Germany already does that. « But we have to get away from the fossil natural gas in the course of the energy transition ». Instead of going into expensive and environmentally harmful deals, it is more appropriate to save gas. In addition, Europe can also receive gas from other countries. « It is still a market and not a state decision. »