The European Union and the United States are progressing to an agreement that imposes a 15% customs tariff on most products, according to diplomats familiar with negotiations. Diplomats said member states are ready to accept a 15%rate, and union officials strive to apply it to sectors that include cars. One of the diplomats added that steel and aluminum imports exceeding a specific share would be subject to 50%fees. The diplomats added: “If the European Union is optimistic about the possibility of reaching an agreement, he also warned that any final agreement would need the approval of US President Donald Trump, and it is difficult to predict the final decision.” According to the administration officer, negotiations are still volatile and relative approach, which means that an agreement cannot be announced soon. The acceleration of negotiations between Brussels and Washington has accelerated the two parties in recent weeks to avoid a comprehensive trade war set on fire by the customs definitions that Trump imposed on his partners around the world. The European Union and US negotiators were about to reach an agreement two weeks ago, but it stumbled after US President Brussels threatened to impose customs duties by 30% on most commodities if the two parties did not reach an agreement by August 1. The European Union still prepares measures against scenario not to reach an agreement. These measures will include a package of customs duties on US goods worth $ 100 billion ($ 118 billion), at 30%equivalent to Trump’s threat. The federation also discusses the activation of the mechanism of coercion. The European Commission, the executive arm of the European Union, expects to obtain the qualified majority of member states needed to activate the preferred mechanism, according to the sources. The preferred mechanism is the most powerful commercial tool in the European Union, and it is pushing an increasing number of member states to be used in the event of an agreement. The preferred mechanism of the European Union is first and foremost designed as a deterrent, as its activation requires a qualified majority of member states to support this step. The preferred mechanism of the European Union will enable the imposition of a wide range of retaliation, including imposing new tax on giant American technology companies, the imposition of targeted restrictions on US investments and limiting access to the European Union market. The most important customs tariff of 15%, discussed, will include the most preference country, which is currently 4.8% for trade between the European Union and the United States, which will represent an additional 10% compared to the current situation. According to one of the sources, the same rate is also expected to be applied to sectors such as pharmaceutical products or chips. France is calling on the European Union to activate the coercion against -wang instrument against Trump’s fees. What is it? ‘Bloomberg’ previously reported that the average of 15% imposed by the European Union can include the emissions, some medical devices and generic medicines, some alcoholic beverages and a specific range of manufacturing equipment needed by the United States. Brussels also wants to protect the union from future sectoral customs duties on medicine and semi -conductors, and the two parties have discussed a maximum level of these drawings. Trump announced an agreement with Customs duties with Japan on Tuesday, which includes including 15% of comprehensive customs duties on imports-a less than 25% has threatened. This also means that customs duties on Japanese cars are less than 25% imposed by senior car exporters, including the European Union.
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