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Trade Secretary Joe Biden has warned that defending iron in America is a national security factor, following the role of Donald Trump’s successor as European and US officials rush to avoid tax cuts later this year.
Trump has launched heavy-duty steel and aluminum exports from Europe and other countries in 2018, which contradicts the fact that this has happened on national security.
The EU returned with its taxes on a number of items exported by the US, but failed to plan for a tax increase in May in a move that ended the dispute. Taxes should be used by early December.
“We want to get an idea,” Gina Raimondo told The Financial Times. “In that sense, we have to protect the steel industry in the US. For every 10 years before the financial crisis, we have not received more than 80 percent. This is a national security risk, and an economic threat.”
Valdis Dombrovskis, EU Commissioner, held talks with Raimondo and US trade representative Katherine Tai earlier this week as the two sides work to resolve the deal.
Tai said countries are talking “strongly” to unite.
European officials said he waited that the EU is not a threat to the US, although it acknowledged that globalization is a threat to the European and US steel industries.
Respondents volunteered until early December to find a solution, which is also needed to address the high levels of steel due to manufacturing in countries including China. However, Dombrovskis said this week that the EU should enter into an agreement with the US in early November to allow time to prepare for the return or refund of taxes on American goods. EU officials say it is impossible to stop taxes again.
The tax cuts will be politically motivated for the U.S. president because he is a well-known figure in the political and state-owned steel companies, including Indiana, Ohio and Pennsylvania, who will face stiff opposition in the next election.
While EU officials initially hoped for a tax evasion, Dombrovskis said Europe was “ready to look [at] In other words, it is clear that the US is also interested in protecting the steel industry ”.
The US could also create another type of export tariff, although the EU has already decided that this will not happen. Or it may choose to turn tax rates into “security measures” designed to deal with the catastrophic flood, although it is difficult to comply with World Trade Organization guidelines.
Negotiations on these taxes are part of a larger effort by which the US and the EU have encouraged transatlantic ties following the crisis of the Trump age.
Earlier this year, the EU and the US agreed to end a 17-year-long dispute over aviation, and remove the multi-billion dollar risk of economic damage to their economy to strengthen Atlantic relations.
The agreement serves as a five-year agreement to suspend joint penalties for initial non-compliance. In addition I am creating a service team to discuss funding and address any issues that may arise between the two parties.