$15 Billion Duty Debate After Trump-Juncker Deal Will Still Need Autos Deal — Panjiva


$15 Billion Duty Debate After Trump-Juncker Deal Will Still Need Autos Deal

Ags - Meat/Dairy 138 Cons. Discr. - Autos 661 Cons. Staples - Food/Beverages 395 European Union 406 Industrials - Aero/Defense 132 Industrials - Capital Goods 265 Materials - Chemicals 93 Trade Deals 702 U.S. 3297

The recent meeting of President Trump and President Juncker set increased EU imports of American commodities and a reduction in bilateral duties as major objectives for ongoing trade negotiations. The latter could require the formulation of a wide-ranging trade-in-goods FTA. While unlikely to be as complex as the now defunct TTIP it would still involve protracted negotiations. On the basis of average WTO-posted most-favored nation tariffs EU exports to the U.S. paid $7.3 billion of duties while U.S. exports to the EU were charged $7.9 billion in the past 12 months. Unsurprisingly autos l...

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