“Europe must prepare for US import rates.”
Europe must prepare for American import tariffs in various areas, says Peter Beyer, a German member of parliament and coordinator for transatlantic cooperation.
According to Beyer, the disagreement over US car imports, flight subsidies and the Nordstream 2 pipeline is enough for US President Donald Trump’s cabinet to introduce import taxes.
Trump already announced in May that some imported vehicles and car parts pose a safety risk, but he has not yet decided on European and Japanese car imports.
But after Trump has agreed on a ceasefire with China at the last G20 summit, European policymakers think he will shift his focus to Europe.
He is said to want an investigation into the French tax plan to tax internet companies extra. As a countermeasure, Trump could set import tariffs on French products.