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THE EU SO-CALLED UNFAIR TRADE POLICIES ON THE U.S
Submitted by christian on Fri, 06/08/2018 - 16:36
According to IMF data from 2016, the US and EU are each other’s top export market and second source of imports after China. Both the European Union and United States generally offer reciprocally open access to each other's exports. American exports to Europe are subject to duties averaging 3.0 percent close to the 2.4 percent average the United States imposes on European goods and services. According to the World Trade Organization, however, in 2016 the US imposed minimum import duties of 3.5 percent while the equivalent rate in the European Union was 5.2 percent.