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Yes, he can: Trump provokes a trade war: a clever EU will refrain from further tariffs but hold firm on WTO rules
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Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
Abstract The transatlantic trade dispute is escalating: After the United States (US) introduced additional tariffs on steel and aluminium, hectic negotiations began with the European Union (EU). First, the EU obtained a temporary derogation before increasing tariffs on a long list of particularly symbolic an... view more
The transatlantic trade dispute is escalating: After the United States (US) introduced additional tariffs on steel and aluminium, hectic negotiations began with the European Union (EU). First, the EU obtained a temporary derogation before increasing tariffs on a long list of particularly symbolic and politically sensitive products, such as orange juice and Harley-Davidson motorcycles. At the same time, the EU, in concert with other states, made the first move in a possible World Trade Organization (WTO) dispute procedure against the US. The US, in the meantime, has signalled the next round by deciding to examine options for tariffs on cars. Existing multinational rules leave only a limited scope for tariff increases, all of which bear the risk of further escalation. It would therefore be wise for the EU not to exhaust this leeway but to keep cool and stay liberal in its approach to trade. (Autorenreferat)... view less
Keywords
trade policy; United States of America; EU; duty; international trade policy; tariff policy; WTO; trade barrier; world trade; GATT
Classification
Economic Policy
Free Keywords
Vereinigte Staaten von Amerika; Europäische Union; Internationale Wirtschaftsbeziehungen; Internationale Handelsbeziehungen; Handelskonflikt; Konflikteskalation; Trump, Donald John; Protektionismus; Welthandelsorganisation; Richtlinien/Regeln; Zölle; Allgemeines Zoll- und Handelsabkommen
Document language
English
Publication Year
2018
City
Berlin
Page/Pages
4 p.
Series
SWP Comment, 29/2018
ISSN
1861-1761
Status
Published Version; reviewed
Licence
Deposit Licence - No Redistribution, No Modifications