Tariffs Should Be Imposed Unilaterally On The US, And The EU Drafted A Radical Plan To Counter The US Trade War.
"The EU should show more courage in the trade disputes stirred up in the US," he said. European Union officials suggested in a draft plan to counter the US trade initiative that the EU should unilaterally impose tariffs on the United States.
The draft was exposed by the US "political" news website, which reported that European officials drew up a 173 page ambitious plan aimed at countering President Trump's European trade disputes. In July this year, the agreement between the US and Europe reached a year of trade truce, and the trade dispute between the United States and Europe was put on the table again.
The US trade representative's office recently announced the launch of the "301 survey" on the digital service tax proposed by the French government. This is another case of the expansion of trade frictions between the US and Europe after the United States threatened to impose tariffs on EU cars and the escalation of disputes between us and European aviation subsidies. EU Trade Commissioner Cecilia Malmstern said that if the United States impose tariffs on EU cars, the EU is also ready to impose tariffs on US goods worth 35 billion euros. This shows that the economic and trade frictions between the US and Europe are still difficult to relax.
According to the draft, if the Trump administration "succeeds" to paralyse the world trade organization, the EU will impose unilateral tariffs on US goods as a counterattack. Trump's strategy is to prevent the number of judges from the WTO trade arbitration tribunal, so that the global trade dispute settlement mechanism can not function properly. If Trump gets what he wants, global business will return to the jungle rule.
The draft plan will also deal with the great threat posed by US technology giants such as Google, apple, Amazon, Microsoft and Facebook. Although it is not clear whether the draft can be supported, the document shows that EU officials are actively promoting the establishment of the "European future fund" by Leyen, the chairperson of the European Commission, to invest more than $100 billion to support highly potential European technology companies, so that European companies lagging behind the US and Chinese technology giants for decades will catch up with the target as soon as possible.
Abu Hubble, associate professor of international relations at University College London, told Broadcasting British Corporation that WTO is not unfair to the United States as the United States has said. He said that the WTO arbitration costs a lot of time and effort, and requires a lot of legal knowledge. There are few resources and talents in small countries to go to litigation in the world trade organization. On the one hand, the United States prosecute other countries through WTO, on the one hand, it prevents them from operating.
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