27 juill. 2018 - (21) US & EU trade talks promote reduction in trade barriers

Description:

July 27, 2018: After his meeting with European Commission President Juncker, President Trump announced that the United States and the European Union would conduct high-level trade negotiations to cut both tariff and non-tariff trade barriers significantly. In the White House announcement, President Trump said that the trade negotiation would include four principles to achieve freer, fairer, and more reciprocal trade between the “two countries”:
• Working toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods. The two sides will also work to reduce barriers and increase trade in services, chemicals, pharmaceuticals, medical products, as well as soybeans.
• Increasing United States energy (liquefied natural gas, LNG) exports to Europe;
• Easing trade, reducing bureaucratic obstacles, and slashing costs; and
• Work closely together with like-minded partners to reform the WTO and to address unfair trading practices, including intellectual property theft, forced technology transfer, industrial subsidies, distortions created by state-owned enterprises, and overcapacity.
• According to the White House announcement, the United States and the EU will immediately set up an Executive Working Group for the negotiation and the discussions will also include topics such as the United States steel and aluminum tariffs and EU retaliatory tariffs.