EU-US trade dispute
Europe needs a harmonised and WTO-compliant trade policy
EU should learn its lesson from the EU-US trade dispute: Discussion necessary how the EU can meet the US and China at eye level ++ Acting jointly is vital for the EU and its member states to have the right strength for that ++ In solving the trade dispute, the EU has to orient its policy with to the fundamental principles of WTO.
VCI director-general Utz Tillmann on the trade dispute between the United States and the European Union:
„Although additional US tariffs on steel and aluminium have been prevented in the short run, the discussion over recent weeks has clearly shown that it is vital for the EU and its Member States to act jointly and with determination in trade issues. We Europeans have to discuss what institutional changes are needed so that the European Union can meet US President Trump and China’s President Xi at eye level in the future – because Europe can succeed in this effort only if we speak with one voice. Obviously, national go-it-alone action is not useful.”
Tillmann also emphasises: “Bilateral negotiations with the USA should not be limited to industrial tariffs. There are further issues of importance in international trade. Moreover, it is essential that the EU consistently orients its trade policy to the fundamental principles of WTO to avoid yet more damage to the world trading system.”
- Statement of the European Commission following US announcement of an extension until 1 June of the EU's exemption from US tariffs on steel and aluminium imports
The VCI represents the politico-economic interests of around 1,700 German chemical companies and German subsidiaries of foreign businesses. For this purpose, the VCI is in contact with politicians, public authorities, other industries, science and media.The VCI stands for over 90 percent of the chemical industry in Germany. In 2017 the German chemical industry realised sales of around 196 billion euros and employed over 453,000 staff.