US and EU will cut from 8-50% import tax on some products
United States
Published Aug 23, 2020
Tridge summary
A joint statement between the US and the European Union (EU) on August 21 announced that the two sides had reached an agreement on tax reduction policies for some of each other's export products, VNA reported. "The importance of the agreement is that it produces a number of other positive results," an EU official stated.
Original content
A joint statement between the US and the European Union (EU) on August 21 announced that the two sides had reached an agreement on tax reduction policies for some of each other's export products, VNA reported. An EU official stated: “The importance of the agreement is that it produces some other positive results.” Under the agreement, the EU will reduce tariffs on 8-12% of lobster imports from the US, in Washington will then reduce tariffs on some EU imports by 50% such as glassware, pottery, disposable lighters and ready-to-eat food.This is a positive signal to cool down tensions between the US and EU in the field of trade Under the provisions of the World Trade Organization (WTO), the tax reduction policy will be applied to all members of this organization, and the above products have been selected. to maximize mutual interests between the two sides The entire agreement between the US and EU is worth about $ 198 million According to News, the joint announcement of US Trade ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.