G7 COMMUNIQUE ON TRADE (NOT ENDORSED BY THE USA)

  1. Acknowledgement that free, fair and mutually beneficial trade and investment, while creating reciprocal benefits are key engines for growth and job creation.
  2. Underlining the crucial role of a rules-based international trading system and fight against protectionism.
  3. Bilateral, regional and plurilateral agreements must be open, transparent, inclusive and WTO-consistent, and they should complement the multilateral trade agreements.
  4. Commitment to modernize the WTO to make it more fair as soon as possible.

EU BARRIERS FOR U.S. EXPORTERS AND INVESTORS

U.S. exporters and investors face persistent barriers to entering, maintaining, or expanding their presence in certain sectors of the EU market. Some of the most significant barriers have endured despite repeated efforts at resolution through bilateral consultations or WTO dispute settlement.

TECHNICAL BARRIERS TO TRADE / SANITARY AND PHYTOSANITARY BARRIERS

Technical Barriers to Trade

THE EU SO-CALLED UNFAIR TRADE POLICIES ON THE U.S.

According to IMF data from 2016, the US and EU are each other’s top export market and second source of imports after China. Both the European Union and United States generally offer reciprocally open access to each other's exports. American exports to Europe are subject to duties averaging 3.0 percent close to the 2.4 percent average the United States imposes on European goods and services. According to the World Trade Organization, however, in 2016 the US imposed minimum import duties of 3.5 percent while the equivalent rate in the European Union was 5.2 percent.

EU RETALIATORY TARIFFS ON U.S. PRODUCTS

The EU estimates the U.S. tariffs on steel and aluminum will cost the bloc around € 2.8 billion and its countermeasures from July 2018 aim to penalize imports from the United States to the same value, while also generating political pressure on Trump at home from industries whose export will be hit.

NEW US AMBASSADOR NOMINEE FOR THE EU

Amid escalating tensions between the U.S. and Europe over trade and foreign policy, President Trump has nominated Mr. Gordon D. Sondland to fill the long-vacant post of U.S. Ambassador to the European Union. The EU job has been vacant since Anthony L. Gardner resigned in January 2017.

FACTS AND FIGURES ABOUT THE US MARKET FOR GERMAN CARS

  1. The U.S. market represents the first destination market for European exports of cars. This trade totaled € 38 billion in 2016. The value of German  car exports to the US amounted to € 22 billion in 2016.
  2. Of the 1.3 million German cars sold in the US, more than 800,000 were made on American soil. German carmakers — including BMW and Daimler  made some 854,000 vehicles in the U.S. in 2016,  That marks a four-fold increase on the 214,000 produced in the country in 2009

CONSEQUENCES OF TRUMP’S TARIFFS

The tariffs on steel and aluminum further undermine European confidence and trust in the United States, and reinforce already negative views about Donald Trump. The row over tariffs will make it considerably harder for Washington and European capitals to cooperate on other key issues or when new crises arises.  

The Trump tariffs undermine the international institutional order which the United States once helped create. Trump has decided to act alone and weaken the rules-based economic system that Washington should be revitalizing.

EU COUNTRIES LOSING ON US TARIFFS ON STEEL

Most Affected (in order of importance)

  1. Germany
  2. Netherlands
  3. France
  4. Sweden
  5. Italy
  6. Luxembourg
  7. Spain
  8. United Kingdom
  9. Portugal
  10. Belgium
  11. Austria
  12. Czech Republic
  13. Finland
  14. Slovenia

Not Much affected

  1. Denmark
  2. Romania
  3. Greece
  4. Slovakia
  5. Hungary
  6. Croatia
  7. Latvia
  8. Estonia
  9. Lithuania

VOTE SHARE OF POPULIST PARTIES IN EU COUNTRIES (2018)

  1. Hungary: 65.09%
  2. Greece: 54.60%
  3. Poland: 51.18%
  4. Italy: 50.03%
  5. Czech Republic: 49.60%
  6. Cyprus: 35.38%
  7. Slovakia: 34.34%
  8. Estonia: 32.90%
  9. Lithuania: 32.83%
  10. Bulgaria: 32.65%
  11. France: 27.09%
  12. Austria: 26.00%
  13. Finland: 24.78%
  14. Netherlands: 22.20%
  15. Germany: 21.98%
  16. Spain: 21.15%
  17. Denmark: 21.10%
  18. Sweden: 18.58%
  19. Ireland: 17.70%

Less than 10%

ITALY POPULIST GOVERNMENT PACT

  1. Guaranteed income for the poor: Poor families will get € 780 basic monthly income, provided recipients actively seek work, the parties say.

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