Economic policy / Trade and Investment

This section reports on economic policy initiatives of the Czech government, the EU, and other entities that have a direct impact on the competitiveness of the country. It also includes information on economic priorities of the AmCham and other leading associations.

Spotlight issue

12th March 2018 / Economic policy / Trade and Investment

Weston Stacey: A lot of people in America have underestimated Trump

An article of E15 published on March 12 on steel and aluminum tarrifs (in Czech language). Last Thursday, the Trump administration announced its plan to place tariffs on steel and aluminum imports. The tariffs are intended to raise the production in US steel and aluminum plants to 80%, which is considered the minimum output necessary for survival. If the tariffs take effect, the EU has declared it will place reciprocal tariffs on US products of similar export value. The issue underneath the tariff decision- global overcapacity- is real, but imposing global tariffs does not appear to help solve the problem. An internationally coordinated response using targeted tariffs or quotas might be the best way to keep the economic and geopolitical damage to the minimum.  
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6th March 2018 / Economic policy / Trade and Investment

AmCham CZ: Trump Administration considers steel and aluminum tariffs

The US government is considering imposing tariffs of 25% on steel and 10% on aluminum imports, and the European Union announced it is prepared to respond with tariffs on US imports with the same monetary value as EU exports of steel and aluminum. Other countries, including the largest steel and aluminum exporter to the US, Canada, have also declared their intention to reciprocate. China, the main target of the tariff, has not reacted explicitly.
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4th March 2018 / Economic policy / Trade and Investment

AmCham EU: American companies concerned over unilateral US trade action

US government plans to impose tariffs and limits on imports of steel and aluminium on the basis of national security, authorised under Section 232 of the Trade Expansion Act of 1962, would fail to appropriately address legitimate concerns regarding global overcapacity. It also risks a deterioration in transatlantic economic and political relations that could threaten jobs, investment and security on both sides of the Atlantic.
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Members of the American Chamber of Commerce in the Czech Republic