Might is right
Experts judge the EU customs deal with the US to be ‘catastrophic’ for Europe’s economy as it is rapidly shackled to the US. The Trump administration is now weighing sanctions on EU officials.
WASHINGTON/BRUSSELS (own report) – The Trump administration is weighing sanctions on European Union and member state officials responsible for implementing EU rules for online platforms. Reports indicate that measures such as visa restrictions are under consideration. The background to this potential move is that American internet companies object to the requirement in the EU to remove openly discriminatory, Nazi-glorifying or otherwise inflammatory content from social media. The regulatory burden applies under the Digital Services Act. The extraordinary idea of penal sanctions comes in the wake of Washington’s success in customs negotiations with the EU. The Trump administration has forced the European Commission to accept an agreement that experts consider “catastrophic” for the European economy. In future, customs duties of 15 per cent will be levied on imports from the EU to the US, while deliveries of goods and services from the US to the EU will be duty-free. Washington is also pushing for trade measures that will make the EU openly dependent on the US for key raw materials. Making its economic situation even direr, the EU is set to massively reduce its trade with China, thus becoming shackled to the US with no other options. Read more
Might is right
Experts judge the EU customs deal with the US to be ‘catastrophic’ for Europe’s economy as it is rapidly shackled to the US. The Trump administration is now weighing sanctions on EU officials.
WASHINGTON/BRUSSELS (own report) – The Trump administration is weighing sanctions on European Union and member state officials responsible for implementing EU rules for online platforms. Reports indicate that measures such as visa restrictions are under consideration. The background to this potential move is that American internet companies object to the requirement in the EU to remove openly discriminatory, Nazi-glorifying or otherwise inflammatory content from social media. The regulatory burden applies under the Digital Services Act. The extraordinary idea of penal sanctions comes in the wake of Washington’s success in customs negotiations with the EU. The Trump administration has forced the European Commission to accept an agreement that experts consider “catastrophic” for the European economy. In future, customs duties of 15 per cent will be levied on imports from the EU to the US, while deliveries of goods and services from the US to the EU will be duty-free. Washington is also pushing for trade measures that will make the EU openly dependent on the US for key raw materials. Making its economic situation even direr, the EU is set to massively reduce its trade with China, thus becoming shackled to the US with no other options. Read more