Great Question: What is the restoration of Trump fees?

US President Donald Trump’s fees are suspended for 90 days, but will Europe and the United States come to an agreement because of the deadline?

In addition, if they are not, what does it mean for the European and the US economy if the fees resume?

“This is simply the world’s largest and most integrated economic association,” he told the general director of the US Chamber of Commerce in front of the EU.

In fact, this relationship has a value of 8 billion euro, which is equal to the joint extent of French and German economies, and refers to one -third of the global GDP.

In this episode of ‘The Big Campand’, the ‘EuroNius’ Angela Barnes business teacher Malte can talk about reinstalling fees and their beliefs for future economic relationships.

Why is the economic relationship between the EU and the US?

The economic relationship of 8 billion euros has many areas. 1.7 billion euros are similar to the flow of materials, which are often considered the most important element of the rate. A small percentage comes from the services of services: finance, accounting, legal, tourism and digital services.

Foreign Direct Investment (Foreign Direct Investment) plays an important role in the relationship.

“We are the biggest source of mutual foreign direct investment. More than 56% of US Foreign Direct Investment goes to Europe. Similarly European FDI goes to the United States,” Malte stressed.

“But the most important part of economic relations is, with the big difference, the sale of European subsidies in the United States and the sale of American subsidiaries in Europe.

“So when we talk about the Atlantic relationship of 8 billion euros, most of that value are sold by our sub -companies on the other side of the Atlantic.”

Although Germany, Ireland and Italy are the largest European exporters to the United States, Malt says that the impact of restarting the tariff can be observed, especially in localized industrialized industrial centers throughout the volume.

“You should look at the environmental systems that are created in different parts of Europe with the US investing and operating companies.

For example, around the pharmaceutical industry, here, in the south of Brussels, in Belgium, and the largest, of course, Ireland has a very strong environmental system, which is known to many. We have an environmental organization for the space sector in southern France.

So we have groups of these types of companies that attract local universities and distribution chains that are used in one place, using the competitive benefits of different parts of Europe in a very effective way. “

What does it mean for European competition to reintroduce business fees?

At this time, the uncertainty of the future of fees is a major damage to the European discovery and the economy. Malt fears that the fees and the opposite actions will be extended to other parts of the relationship.

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Mald explained, “When the big investments of billions of euros in the distribution chain are planned, the profit of these investments cannot be calculated because the calculation has been replaced with one fee from one day or another,” Malt explained.

“It creates a huge recession in the market, where investments are stopped and the rest of the world is not facing this level of uncertainty.

The interference of distribution chains may increase the price of consumers, he said.

What is the future of economic relations between the EU and the United States?

“This is a million dollar question,” Mald said, “The big question.”

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“At least, what we can say at this time is that there is a place for conversation. Now, if that conversation is efficient, it is still going to reach a decision, and it is still going to be seen.”

Outside of the 90 -day break, Malt said how the two parties could cooperate to create long -term mutual benefits.

“There is more danger than damage in this relationship,” Malt said.

He also says the European Union wants to prioritize improvements in the Union of Capital Markets, which helps “take its long -term growth and competitiveness.”.

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‘Bhaktan’Giant questionThis is a project of ‘Euro -Business’ in which we will chat with the leaders and experts of this department to talk about the most important topics of the current panorama.

Check out the video above for a complete discussion with the United States Chamber of Commerce before the EU.