The tariff negotiations between the European Union and the United States have entered the final stage! The European Union may be forced to accept an unequal tariff rate next week!
German Chancellor Merkel believes that the negotiations between the European Union and the United States on resolving trade disputes have entered the final stage.
"These import tariffs will harm everyone in the long run, not just us Europeans. I am convinced that they will also harm the US economy in the long run. This is the policy of the US government. We are working on it, and I fully support the European Commission, which is able to reach a reasonable compromise. The lower the tariff rates for both sides, the better."
"We are now in the final stage of the negotiations, which should be completed in mid-September. I am actively participating in it. I hope we can reach a result that ultimately sets the lowest possible tariff rates for both sides."
Merkel emphasized that it is unrealistic to believe that the EU and the United States will "reach an agreement with a 0:0 result." The tariff agreement between the EU and the United States will be asymmetric. "If services are included, the trade balance between the United States and Europe would be very different, but the US government does not agree with this. Therefore, we will have to agree to an asymmetric agreement, but we hope it will be the lowest possible tariff rates for both sides."
Original article: https://www.toutiao.com/article/1837992110584832/
Statement: The article represents the personal views of the author.