UNITED STATES (OBSERVATORY NEWS)
European Trade Commissioner Phil Hogan will meet senior US officials in Washington between Tuesday and Thursday, as they seek to “give new momentum” to trade relations between the two shores of the Atlantic that have been negatively affected by President Donald Trump’s policies.
“The trip will be an opportunity to find common ground, and we hope to find solutions to some of the problems we have been talking about in recent weeks and months,” a European Commission spokesman said Monday.
He added, “We hope that this commitment will constitute a starting point for efforts to revive the positive commercial relationship between the two shores of the Atlantic and give it a new impetus.”
The European Irish Commissioner, who assumed office in early December, is expected to meet US Trade Representative Robert Lighthizer, as well as Commerce Secretary Wilbur Ross and Treasury Stephen Mnuchin.
“The European Commission will also meet with members of the Senate and Congress,” as well as the Director-General of the International Monetary Fund, Kristalina Georgieva, and “a number of corporate heads,” the European Commission said.
Trade relations between the European Union and the United States have been in decline since Trump arrived at the White House nearly three years ago, and prioritizing the issue of combating the US trade deficit.
The US President began imposing heavy customs duties on steel and aluminum imports, especially from the European Union, which in turn responded by imposing additional fees on a number of American products.
For months, Trump has also threatened to impose tariffs on European cars, which is of particular concern to Germany.
On the other hand, the US administration is hinting at imposing additional customs duties, which may reach 100%, on the equivalent of $ 2.4 billion in French products, in response to Paris issuing a tax on American digital technology giants.
The World Trade Organization also allowed Washington to impose punitive taxes on $ 7.5 billion in European products, in the context of the dispute over European grants to Airbus.
The European Union, which Boeing is accused of receiving US subsidies, is waiting for the green light from the World Trade Organization to respond.
The United States has refused for several months for the appointment of new judges in the Court of Appeals for the Dispute Resolution Authority, which is charged with resolving commercial disputes, which is a source of concern to Washington’s partners, especially the European Union.
This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.
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