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How was the EU targeted the great technology with its own tariff response


November 29, 2022, on November 2022, entry into one of the Google buildings in Silicon Docs in Silicon Docks.

Bloomberg | Bloomberg | Getty pictures

The European Union keeps all the options open, if US President Donald Trump cannot negotiate with 20% of quilt tariffs, and it can continue after the mighty great TECH.

Tariff announcement Wednesday – which Global markets with her Coverage and scale – President of the European Commission Ursula Von Der Leien, while shaping the response, Europe “keeps many cards, from trade to the size of our statement.” “

“This power is also being established on which we are ready to take strong measures. All instruments are on the table,” said Von Der Leyen on Tuesday Repeated on Thursday.

As a Block, the EU is the largest trade partner in the US goods, services and investment and the trade between the couple Almost balanced when both goods and services are accounted for.

However, the so-called “retaliates” calculation of “revenge tariffs” seems to be controversial Only the countries looked at the trade deficit Great exporters such as US “tariff” and Vietnam and Sri Lanka are more than 40% of goods.

For the EU, it expressed 20% tariffs’ The goods deficit is about $ 235.6 billion. Trump, in recent months, took a special bar with trade relations with the only market of 27 nations, indict The world’s largest economy is “very bad” (very bad “(very bad to bring products to Europe.”

An area where the EU is a major market for US business, is a field economist, TheTRER Schmieding company and technological companies.

“While the EU will probably not take a significant revenge now, it is likely that the talks do not give the result of the annual annual comparison, therefore threatened.” Economists’ base is about half of the United States in the end of the second quarter, although additional U.S. imports on the import of the United States, technological companies are a avenue of the EU.

Such measures can take a strict rules of rules on large technology or use Bloc for compulsory funds, restrict business licenses, access to public agreements or restrict public intellectual property rights or Limit to public intellectual property rights, or investments to the EU investments, ing research

Custom targets can include app stores, mobile phones, cloud services and other areas where data is stored.

With several local technological giants, Europe has a great appetite for liked products and services Apple, Google, Amazon, Meta, Microsoft, Intel and Linkedin. Many have a regional headquarters in the Irish capital Dublin Low corporate tax rate – In addition to major names in the US pharmacy and financial services industry.

The EU has already taken steps to deliver great technology. Block Digital Markets Law (DMA)For example, Google, Apple, Meta, Amazon and Microsoft aims to solve the market power of large so-called “goalkeeper” such as Microsoft.

Last month, the European Commission is an executive body of the EU – Formed the DMA by breaking Google parent company filled the alphabet and was given Apple with his leadership Requires the iPhone manufacturer to do more to ensure the law. Trump has previously evaluated the EU regulatory actions against American technological giants as a reason to hit the tariffs. In February, US technological companies threatened with tariffs for “usurpation abroad” through digital taxes and fines.

Tech will see 'Economic Armageddon' if these tariffs remain, says Ives from Wedbush

US technological giants will now be grappling with the weapon of the supply chain of the Truump’s tariff policy Many rely on components and assembly lines in Asia. Apple Shares have been in extensive technological sales since 2020 since 2020.

Dan ive, global heads of global technology, this week, said that in a record in the frozen budgets of the US technology and the covenant, and even in the cavovide level, and even in the first quarter, he said he could not lead in the first quarter.

Damage to European Consumers

At the same time, Brzeski also said that the pain will require the application of counter-approval from 27 EU members to 15 to 15 and respond to other technical obstacles.

He stressed that the US digital services said that the EU will be a “nuclear choice” in a set of trade policy.

“At the same time, the United States is also likely to take revenge and damage European customers, as the region has very little local alternatives to US digital services,” he said.

“The EU, which targeted the US digital services, is to some extent the image of the spitting that Trump has really declared Trump.

Andrew Kenningham, the capital’s economist, said that the EU politicians said that despite the use of bitterness to use bitterness or bitter use of pain, he said.

“The EU aim to minimize growth risks and to maintain the remains of US trade relations for a longer term. Politicians think negotiations on defense and security,” he said.

“Thus, the EU leaders clearly expressed their open to the tariffs and openly for negotiations.”

– CNBC’s Ryan Browne helped this story.



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