Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/256517 
Year of Publication: 
2018
Series/Report no.: 
SWP Comment No. 29/2018
Publisher: 
Stiftung Wissenschaft und Politik (SWP), Berlin
Abstract: 
The transatlantic trade dispute is escalating: After the United States (US) introduced additional tariffs on steel and aluminium, hectic negotiations began with the European Union (EU). First, the EU obtained a temporary derogation before increasing tariffs on a long list of particularly symbolic and politically sensitive products, such as orange juice and Harley-Davidson motorcycles. At the same time, the EU, in concert with other states, made the first move in a possible World Trade Organization (WTO) dispute procedure against the US. The US, in the meantime, has signalled the next round by deciding to examine options for tariffs on cars. Existing multinational rules leave only a limited scope for tariff increases, all of which bear the risk of further escalation. It would therefore be wise for the EU not to exhaust this leeway but to keep cool and stay liberal in its approach to trade.
Document Type: 
Research Report

Files in This Item:
File
Size
159.7 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.