Benefits of Eliminating US-EU Tariffs

An economic analysis by the European Commission confirms that the EU and the US would both benefit by eliminating the remaining tariffs on all industrial goods. EU exports of industrial goods to the US would increase by 8% and US exports to the EU by 9% by 2033, which corresponds to respectively €27 billion and €26 billion in EU and US exports.

Read More:

http://trade.ec.europa.eu/doclib/docs/2019/february/tradoc_157693.pdf 

https://www.euractiv.com/section/economy-jobs/news/eu-will-eliminate-industrial-tariffs-only-if-us-lifts-metal-duties/

https://www.cnbc.com/2019/02/18/eu-will-react-swiftly-if-us-hits-it-with-car-tariffs-commission.html

 

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