Print

Brussels_ The European Commission (EC) warned today that if the United States imposes tariffs of 25 percent on cars and parts of vehicles, the response could affect US products by about 252 billion euros.

In a document published this day, the community executive indicated that if these new measures were adopted, it would amplify a negative effect on the Gross Domestic Product of that northern nation, which could reach between 11 billion and 12 billion euros.

It also warns that the tariffs on cars could trigger countermeasures of business partners worth almost 300 billion dollars, which is 19 percent of US exports in 2017.

US trade policy 'harms trade, growth, and employment both in the United States and abroad and weakens ties with friends and allies,' and also diverts attention from real economic challenges, the text said.

According to the publication, the restrictive provisions could undermine positive trends in the US domestic economy, since they would mean higher costs for local car manufacturers and the country's citizens.

European exports in that sector do not threaten or alter the health of the US industry and economy, the document said.

Compartir / Share

Submit to FacebookSubmit to Google PlusSubmit to Twitter
Category: Internationals
Hits: 106