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The EU votes on Wednesday its countermeasures to Trump to metal and aluminum tariffs

The Member States of the European Union vote on Wednesday the countermeasures proposed by the European Commission to the 25% tariffs that the administration of the US President, Donald Trump, already utilized to the imports of metal and aluminum.

The vote will happen this afternoon from 14.30 within the Commercial Barriers Regulation Committee, in response to group govt sources. It is anticipated to go forward, since a professional majority of 14 international locations would vote towards to cease the Batters of countermeasures. In that hypothetical case, the method would rise to an enchantment committee and there can be a professional bolstered majority composed of 16 international locations that symbolize at the very least 65% of the inhabitants of the block to frustrate the EU response.

What the Member States will vote this afternoon are a number of sequence of countermeasures for a worth of about 21,000 million euros to very diversified American merchandise, starting from agricultural to manufactured, and that can start to take impact in a staggered method.

A primary spherical will permit tariffs to an intensive and diversified listing of American merchandise because the center of April, a second will impose them from mid -May, whereas the third, for December, might be utilized to almonds and American soybeans.

Finally, after the negotiations with the Member States, the Bourbon, the Wine and the Dairy, which have been on the primary listing that the European Commission placed on the desk.

This vote coincides with the entry into power of tariffs referred to as “reciprocal” that introduced on April 2, and that embrace complementary punishment for China, as much as 104%, in addition to 20% for the EU and taxes of as much as 50% further for greater than half 100 international locations. At the identical time, the European Commission prepares one other set of measures in response to tariffs of 25% to automobiles and in addition to which Washington calls “reciprocal” and which are in power from right this moment.

“At the beginning of next week, such as the second phase of our response to US tariffs, this time about cars and ‘reciprocal’, we will basically present our plan in the same way we did with steel and aluminum,” mentioned the CE spokesman for commerce, Olof Gill, in the course of the establishment’s each day press convention.

At the identical time, the president of the European Commission, Ursula von der Leyen, is holding sectoral conferences with the representatives of the affected industries. On Monday he met with the representatives of the sectors of the metal and European automotive, on Tuesday with these of the pharmaceutical sector and this Wednesday he receives the Executive Director of Amcham EU, Malte Lohan, on the head of the US Chamber of Commerce within the European Union. (EFE)