Donald Trump announced on Monday that fresh US duties will be imposed on all countries with which the US maintains trade relations. Details of customs policy are to be made public on Wednesday, the date of liberation.
Trump imposes duties. Europeans want revenge
The YouGov survey, conducted in Denmark, France, Germany, Italy, Spain, Sweden and the United Kingdom, shows that if duties were to enter into force, a large majority (from 79% in Denmark to 56% in Italy) would support retaliation.
Both in Germany, where car manufacturers specified as Porsche, BMW and Mercedes have suffered crucial losses in the form of drop in profits and in France, where the value of sales of wines and strong alcohols in the US is almost EUR 4 billion per year, the common duties support 68% of the questions asked.
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Overall, respondents in all 7 countries voted for the consequence to "retaliation for retaliation", especially since 75 percent. Germany expects that US tariffs will have a ‘large enough’ or ‘large’ impact on their national economy.
This assessment is besides shared by 71% surveyed in Spain, 70% in France and Italy, 62% in Sweden, 60% in Britain and 50% in Denmark.
The respondents were besides asked about the crucial impact of US duties on the wider economy in terms of the full block. 74% of Germans and 76% of Spaniards are convinced of this scenario.
The president of the United States is attacking the Union. “She was very unfair”
Trump, who was chosen partially thanks to the promise of rebuilding the US industry, complained repeatedly that The European Union was "very unfair" to the United States in terms of trade. In February, he added that the 27th national community was created to “swind the US”.
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Europeans, too, cannot agree with this statement, as the results of the survey show. Between 40% of Italians and 67% of Danish residents are opposed to this word. The largest recorded percent of those who agree with the American president is only 18 percent.
The devastating effects of Donald Trump's customs war
According to The Guardian, many European companies are likely to endure heavy at the entry into force of US import duties. Some, including German car manufacturers and French wine or champagne producers, trust mostly on exports to the US. Profit from this turnover accounts for up to 20% of the full income.
The European Union has, indeed, declared a "term, solid" consequence to Washington's plans, but according to experts reducing production, raising prices and driving trade war They're inevitable.
Quotations on global markets and US dollar dropped on Monday just after Trump dispelled hope that his alleged common tariffs (Trump argues that trading partners cheat the US – ed.) would only be targeted at the largest players.
