President Donald Trump has announced a20% mutual ransel About EU products that enter the United States 39%of US products entering their market.
“They charge us 39%. We’re going to charge 20%so we charge them half of them,” Trump S framework saidOr a wide declaration of “release day” Wednesday. But does the EU really impose a fee for US products? Also, if it is not, how is that type calculated?
The EU does not impose a fee of 39% for US products
Available data shows it The real payment The EU does not access 39%. The European Commission suggests that it applies An average fee Only 1% of US products entering the EU market The real business trading ”.
Adds that US administration has accumulated about 7,000 million euros The fees on EU products by 2023 are compared to 3,000 million EU products in US goods. A rating of a World Trade Organization (WTO) It puts the average payment type of US products into the EU at 4.8%. In both cases, this figure is far from 39% cited by the Trump administration.
“This is not really right It is said that the EU pays 39% of the fees to the United States. On the contrary, it is 3% closer, ”Andrew Kenningham, the chief economist of the capital economy, said, ‘EuroNius’ EuroNows ‘Euronws’ Andrew Kenningham, Economic Capital, Economist, Economist, Economist, Economist Placing the rate at some intermediate point between the commission and the estimates of the World Trade Organization.
“Method (From Trump’s administration), to extent to exist, This is not reliable It is not fair to reach these figures, ”a senior EU official said to journalists Thursday morning.
American administrationHowever, Point a “asymmetric character” Unreasonable in certain payment types. For example, the European Union uses 10% fee for US cars, while the US charge only 2.5%.
However, Brussels says that it does not take into account the fact that the US imposes 25% fee in trucks made in the EU, which represents US consumer’s favorites “One -third of all vehicle sales.”
How has the Trump administration come to these figures?
In fact, there is a simple formula in the magnificent Trump card table. First columnType of payment imposed by US allies, It seems to have been calculated Washington takes the shortage of business with that partner and separating its export to the United States.
Second columnThe SO-so-called mutual rate of the Trump administration, Roughly half At that rate. Taking 2024 figures awarded by the European Commission, ie, a Trade deficit Of the 198.2 euros, the EU’s total exports are divided into 531.6 euros, resulting in 37.2% of the payment type, near 39% of Trump.
L ‘New York Times’ Performed the same exercise Using the statistics defined by the United States Business Representative, he discovered the landing in 39%of the brand. Andrew Kenningham said ‘Euronevs’, this “strange” formula is only based on its trade deficit with its allies, which is a “completely new starting point” He has taken everyone with a surprise.
“To be honest, People think this is very strange“Kenningham said.” The formula (…) Used is the only logical as president of President Trump, ”he told the ‘EuroNius’ Theory of Paris’s Economic Professor of Paris.
“So, in fact, President Trump’s excitement is leading this logic to the bilateral deficit. This is not the measurement of the payment level Or can take into account something else they told us Mutual charges “Kenningham added.
“I think the fact that fees are They are based on the amount of commercial imbalance and that most people can understand it, they are not really mutual fees. We will do with you what you are doing for us.
How does the Trump administration justify this logic?
A Connection Published on Wednesday night, the United States Business Representative explained “Mutual charges” Trump was calculated using a complex formula that aims to “balance the bilateral business deficit” between the US and their business partners.
AdvertisementAdd it Calculation “takes into account the combination of payment factors Not fees that prevent trade being uniform. “In other words, it has been raised by taking into account the number of 39% of the number, the Trump administration considers them to put barriers to trade, not just fees. A White House consultant Stressed When his calculation was complicated on Thursday, he took into account the “unwavering obstacles.”
Including intelligent property standards, environmental and digital terms, licensing requirements, and “corruption” in some cases.
American Business RepresentativeName A series of EU specific law, which is considered to be an obstacle to free trade with the United States, including the terms of packaging, deforestation, chemicals and their digital regulatory superiors. Digital markets and service laws (TMA/DSA).
Another parameter of Trump He has ordered his employees to take into account the value added tax (VAT) to produce mutual fees, which says this is a type of fee. The European Union has severely denied it “Wat is not a business activityVery low. “But for Trump, foreign governments for products made in the United States are complicated for their consumers.
AdvertisementIn the European Union, Wat is usually highAbout 20%, the equivalent sales tax in the United States is low. California has the highest state tax rate in sales, 7.25%. European Union emphasizes it Your wat system It is “reasonable and untrue, and applies to the equivalent of already imported national product.”
