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Donald Trump has imposed huge EU customs duties on the EU. The effect: recession

The US administration, namely Donald Trump’s presidential decree, imposed $ 7.5 billion worth of customs duties on goods from EU countries. The measure mainly affects Spain, Germany, France, Romania and the United Kingdom. According to the US Department of Foreign Trade (USTR), these taxes came into effect on Friday, at 00:01 (4:01 GMT).
EU officials have already stated in press releases that the recession is affecting the Union.

The move against the EU came after the World Trade Organization’s October decision: It ruled in favor of the US finding the illegal subsidies received by the European aircraft manufacturer Airbus. This is in fact the way that authorized Washington to impose sanctions in the amount of $ 7.5 billion (about $ 6.9 billion) annually.

On the other hand, Uninea expects the WTO to rule in a similar case on US aid to Boeing. The EU has warned the US that similar measures will come against it. Unfortunately, the European approach is quite difficult to start with in view of the complexity of the functioning of the Union. The future is bleak and American relations are already cooling, Washington’s decision will have harsh effects on the American economy after the new administration practically isolates America from the rest of the world.

Marius Leontiuc
Marius Leontiuc
a absolvit Bacalaureat in 1998 la Liceul Ion Mincu Timisoara -1998 detine atestat de proiectant tehnic in Constructii -2005 devine prezbiter Baptist -2006 devine cler protestant -2011 absolvent ID Arhitectura AIW Viena -2018 absolvent Competente Antreprenoriale la Bethany -2019 absolvent WEB DESIGN Academia de Afaceri Iasi -2019 absolvent COMUNICARE IN AFACERI Academia Britanica de Afaceri si Comunicare -2019 absolvent HTML promoter la SOLOLEARN -2019 inscris la echivalare diploma la Universitatea Politehnica Timisoara -2019 admis la studii de licenta in Drept la Universitatea de Vest Timisoara
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