Merkel Spokesman: EU Retaliatory Tariffs Will Be Ready For July 1

Following promises (threats?) by EU bloc executive Jean-Claude Juncker and German Chancellor Angela Merkel that the European Union would soon impose retaliatory tariffs on the US while moving ahead with a settlement dispute at the WTO, Merkel's chief spokesman Steffen Seibert reiterated Monday morning that the EU is "ready to take action" and that its planned trade countermeasures would be ready to take effect on July 1.

Merkel

Earlier this month, EU members voiced their support for a plan that would slap 25% tariffs on up to $3.3 billion in US goods. The EU plan would also impose duties of between 10% and 50% on $4.2 billion in additional goods in March 2021, or sooner, if the WTO rules that the Trump tariffs are, in fact, illegal (as many of the US's rivals have alleged). Meanwhile, Trump's aluminum and steel tariffs would impact more than $7.5 billion in European goods.

However, Seibert added that Germany is still ready to resolve the trade standoff through the WTO. But with the US reluctant to do so, it's likely that the "tit-for-tat" tariffs will continue until both sides decide to meet at the negotiating table.

  • Germany ready to resolve the trade standoff through international forums
  • Merkel wants Europe to take on more tasks, tighten unity in Trump era: “This must be speeded up and intensified in many areas”
  • U.K. could take part in EU rapid- reaction force also after Brexit: Seibert in Berlin

It's long been expected that the EU would respond to the US tariffs by slapping levies on iconic American goods like motorcycles, orange juice and whiskey (call them the "bourbon and blue jeans" tariffs). In addition to the symbolic weight, many of these goods are produced in states that voted for Trump. Meanwhile, with Harley Davidson's base in Wisconsin, some have suggested that it could be an attempt to target swing states.

Comments

TemporarySecurity Four Star Mon, 06/11/2018 - 12:56 Permalink

Yes because America needs to be more like Nigeria, Pakistan, and Brazil and less like Canada, Norway and Australia.

Who cares if other countries tax their people it does not mean we should start.  In the tax increase by tariff Trump is just making other countries great not America.

Here is another list of high low tariffs and feel free to point out where tariffs have helped a country overall: https://www.statista.com/chart/13335/where-global-tariffs-are-highest-a…

Sure steel tariffs will help that industry while destroying the others.

In reply to by Four Star

sheikurbootie SadhakaPadma Mon, 06/11/2018 - 09:46 Permalink

I see a giant reset in 2020 too.  China will be the big loser. 

History shows us that the world's reserve currency owner does better than the rest when it loses it's reserve status. 

The new world currency will be something tangible and group of commodities perhaps, gold included.

Have you ever asked yourself WHY central banks OWN gold?  If it's not valuable, why own it as the foundation of your country's financial stability.  Gold is the ultimate form of payment and store of value.  There is no substitute.

In reply to by SadhakaPadma

PrayingMantis TeamDepends Mon, 06/11/2018 - 09:28 Permalink

 

   ... all these posturings could be a prelude to this >>> “Trump’s trade tariffs pushing Europe closer to China & Russia” >>> https://www.rt.com/business/429295-eu-us-trade-tariffs/ ...

 

... meanwhile, on another front, more Russia-bashing, ... “... US Think Tank Gathers 23 Top Orgs. to Tackle Alleged Russian Disinformation ... “ ... >>> https://sputniknews.com/us/201806061065157885-atlantic-council-russia-disinformation-portal/ ... 

   ... “ ... Dozens of organizations and experts have come together to launch a new online portal that tracks what they call Russian 'disinformation' campaigns around the globe, the Atlantic Council said in a press release on Wednesday.

"Today the Atlantic Council launched DisinfoPortal.org, an interactive online guide to track the Kremlin’s disinformation campaigns abroad," the release said.  "The portal brings together 23 top organizations and more than 80 experts fighting Russian disinformation in the United States and Europe, and is an initiative of the Atlantic Council’s Eurasia Center."

The portal is meant to be used by journalists, governments and policymakers who need information about Russia's ongoing influence operations, the release said. ... “ ...

 

   ... and here’s VT’s take about this “Atlantic Council” ... 

    ... “ ... Their newest incarnation, fronted through the Atlantic Council, Israel’s mechanism for controlling the Pentagon and State Dept., is called DisinfoPortal.org, made up of 23 mostly former CIA, Eastern European, Black Propaganda fronts now aptly renamed as anti-Fake or anti-Disinfo, borrowing dime store hipster jargon. ...

   ... The European end of this is controlled by Donald Tusk – Israel’s man at the heart of the EU. According to our sources, Tusk rose to prominence when the Mossad blew up an airliner, killing the entire Polish government; immediately thereafter, as the anti-Russia smear campaign went into high gear, Tusk showed up on the scene, reminiscent of Rudy Giuliani in the ashes of the WTC.

A reminder, our FBI source, back in 2014, informed us that it was Giuliani who lead the American portion of the team, including Israeli and Saudi terror groups that nuked the WTC and hit the Pentagon with a cruise missile.

The Atlantic Council organisation, tasked with scapegoating Russia, is fully engaged with partner organisations deeply involved in real acts, terror bombings, assassinations, plane crashes, poisonings, gas attacks and the smear campaigns and helped them get away with it. ... “ ...

... >>> https://www.veteranstoday.com/2018/06/06/the-so-very-jewish-war-on-russia/ ...

 

   ... it’s truly amazing how these “councils” ... CFR included, would never stop polluting the mindset of sheeples on their way to whatever agenda, NWO, or otherwise, they might try to accomplish ...

 

In reply to by TeamDepends

jin187 ikemike Mon, 06/11/2018 - 13:55 Permalink

By bullshit.  All the economic links between the US and other countries are solely for their benefit, and the benefit of people that create the deals.  There's nothing important that we get from the outside world that we can't manufacture, dig up, or process right here in the US, using US workers.  In addition, the inflation caused by having to pay our own people more money, for our own manufactured goods and resources, is good inflation.

In reply to by ikemike

Kayman BaBaBouy Mon, 06/11/2018 - 10:12 Permalink

"Their Nuklear Option would be to Dump US CB Paper..."

Dump- as in sell?  For what? Euros, Loonies, Yuan?  

Trump holds the whip hand. And he is not afraid to use it.

As the U.S. economy grows, more and more factories will grow along with it.

In reply to by BaBaBouy

HowdyDoody Kayman Mon, 06/11/2018 - 12:17 Permalink

The US is fucking the EU over trade with Iran and trade with Russia. It also wants to fuck them over by forcing the purchase of expensive, unreliably supplied US LNG rather than cheap, reliably delivered (once the Ukrops are bypassed) Russian gas. It also wants a war with Russia on European territory and is doing its best to provoke it. Why on earth does Europe associate with a country that is trying to destroy them? Russia is taking Euros for oil/gas. How much more of a hint do they need?

 

In reply to by Kayman

SadhakaPadma LawsofPhysics Mon, 06/11/2018 - 09:49 Permalink

there is not security problem in EU. Small Children in Russia understand only nuclear war is possible between russia and eu and it doesnt need pointless military bases of USA in europe with your phony tanks, f16 etc.  wasteland. EU will have smaller and more effective army...and if consenquences of next Amerian militarism come in milions of miggrants we going to ship them to Manhattan.

In reply to by LawsofPhysics

Kayman SadhakaPadma Mon, 06/11/2018 - 10:18 Permalink

EU. A hotbed of Caucasians that can't stand each other, inviting Muslims in to eventually be slaughtered. 

Don't call the USA next time the Russkies want to rape every woman in Berlin in revenge for Germans killing entire families in Eastern Europe.

Maybe Europe could call on Turkey or China next time the lights go out.

In reply to by SadhakaPadma

mug silverer Mon, 06/11/2018 - 09:27 Permalink

You're forgetting the biggest aspect of this. The US relies heavily on the MIC machine so although Trump complains, he knows that Europe won't put in their fair share. And any mandated increased spend in military would quickly go the opposite direction of the US MIC. So no deep state win there

In reply to by silverer