In a word, nope.
....Yesterday, Politico ran a story headlined, “EU offers Trump removal of all industrial tariffs.” EU President Ursula Von der Leyen said the EU “stands ready to negotiate” and “has offered zero-for-zero tariffs” on all industrial goods, including cars, chemicals, pharmaceuticals, rubber and plastic machinery...
But but but Dad29!! You can SEE that "zero-for-zero tariffs" in the story. How can you say "Nope"?
Easy.
...it omits consumer and agricultural goods. Second, the EU is one of those places where they play games with non-tariff trade barriers like VAT taxes and “safety standards.” And third, Trump already rejected a similar offer in his first term.
In a White House presser yesterday, the President explained the EU’s sneaky non-tariff barriers. "It's tariffs where they make it impossible for you to sell a car ... they make it so difficult, the standards and the tests," Trump said. "They come up with rules and regulations that are just designed for one reason: that you can't sell your product in those countries. And we're not gonna let that happen. Those are called non-monetary barriers."...
Mercedes will not be the only Euro biz to eat the tariffs themselves. Waiting for the EU twits to stop lying and cheating will be a disaster for most Euro businesses.
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