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cosmostein





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PostPosted: Thu Jul 26, 2018 2:14 pm    Post subject: US / EU Trade Deal? Reply with quote

Quote:
President Donald Trump and European leaders pulled back from the brink of a trade war over autos Wednesday and agreed to open talks to tear down trade barriers between the United States and the European Union.

But while politicians and businesses welcomed the deal Thursday, the agreement was vague, the negotiations are sure to be contentious, and the United States remains embroiled in major trade disputes with China and other countries.

In a hastily called Rose Garden appearance with Trump, European Commission President Jean-Claude Juncker said the U.S. and the EU had agreed to hold off on new tariffs, suggesting that the United States will suspend plans to start taxing European auto imports — a move that would have marked a major escalation in trade tensions between the allies.


Quote:
Treasury Secretary Steven Mnuchin said Thursday addressing steel and aluminum tariffs and counter tariffs would be covered in the first phase of talks between the U.S. and the EU. He reiterated that no new tariffs would be imposed during the negotiations and if the US concluded an agreement, “there would be no car tariffs on the EU.”


https://torontosun.com/news/world/u-s-eu-agree-to-work-toward-zero-tariffs-to-avoid-potential-trade-war/wcm/fc72f394-6bc6-43a1-b304-349b4148dbd5
Bugs





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PostPosted: Thu Jul 26, 2018 2:27 pm    Post subject: Reply with quote

The EU seems to making a deal to balance trade. Kudos to Donald Trump ...

Canada is going the other way. We have tied our destiny to Mexico's newly elected Leftist/nationalist government.
cosmostein





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PostPosted: Fri Jul 27, 2018 10:15 am    Post subject: Reply with quote

I was surprised as how quickly the EU just caved;
For all the hardball they have been trying to play with the UK on the Brexit you would have thought they would have at least gone a few rounds to keep up appearances.

Good on the President for moving toward this solution.
Bugs





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PostPosted: Fri Jul 27, 2018 12:41 pm    Post subject: Reply with quote

They didn't cave (in my book) -- they faced facts. Much more than Canada, they are cheating.

I don't know how effective this will be, but you will notice that Trump uses tariffs to force people to negotiate. It's all part of the Art of the Deal.

Half the barriers to trade are non-tariff barriers designed to protect markets using notions like 'safety' and other pretexts. The non-GMO foods thing is an example. There is no real scientific case against GMOs. They try to use environmental practices in production as a barrier to trade. Ditto with their fining Facebook and Google, for example, for imagined restraints on trade (even though both are free).

Canada should abandon Mexico in the nicest way possible, and make its own realistic deal. What would be wrong with giving up supply management? Mu bet is we are going to be nurt more by this posture of government than if we had cooperated, and sought a concession on lumber. Now we'll get the same deal the Japanese get.
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US / EU Trade Deal?

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