European Commerce Secretary said on Monday it was linked to risks related to U.S. President Donald Trump's risk of imposing a 30% tariff on items imported from the EU group. Nevertheless, they are determined to continue retaliatory tariff countermeasures that could impact U.S. technology, and by expanding, similar to Netflix-based streaming providers, could impose digital services tax if the EU's ensuing tariff wars.
The greatest corporate accomplices of the United States, amid Trump's huge tariffs on the EU over the weekend, ministers met in Brussels on Monday.
The EU's “countermeasures” proposed by the EU on behalf of its 27 international members were postponed to August 1, hoping to reach the business to take care of the Trump administration.
Maroššisefčovič, a business consultant in the EU, mentioned in the negotiations with the United States. But he added: “We have to be prepared for all the results.”
Europe's most important exports to the United States are prescription drugs, cars, aircraft, compounds, medical equipment, as well as wine and spirits. Still, it is unclear how U.S. tariffs will apply to movies. Although Trump has imposed 100% tariffs on films made outdoors when possible, the risk seems to be in trouble.
“I don’t have a crystal ball,” Czech producer Jan Kallista mentioned the entire group of the last week in Karlovy’s film contest while Trump’s tariff influence across the manufacturing site across Europe. “We've been listening [about] However, this has moved at the Cannes Film Festival and we have seen it [Trump] Promote tariffs and then take tariffs again. I don't know what the result might be, but he has to take some declarations again. ”
As for EU retaliation, European fees made strategic turnarounds earlier this month to ease tensions, abandoning plans to shoot so-called “digital taxes” for companies including Meta, Google and Netflix. However, analysts say such taxes could be restored if the tariff war breaks out.
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