Do not expect immediate reprisals from the EU
I am a foreign CBC News with London headquarters, on the way to Hanover, Germany, to cover one of the world’s largest commercial fairs.
In Europe, governments expect radical tariffs, but we must not expect to see any immediate retaliation of the European Union.
After Trump announced 25 percent tariffs on steel and aluminum in March, the EU occurred to launch taxes against billions of dollars from US imports, including ships and motorcycles, and a 50 percent tax in US whiskey.
But officials retained the implementation of much of these measures until mid -April, for fear of a greater climbing of the Trump administration.
We will probably see those rates released first, and then the EU is expected to adopt a sector approach by sector.
In Germany, the third largest economy in the world, the country’s automotive sector is preparing for 25 percent of rates in vehicle imports, which Trump warned that it will enter into force tomorrow.
There are reports that Mercedes-Benz, one of the largest car manufacturers in Germany, is considering withdrawing its less expensive cars in the US market for fear that rates can damage sales.
