Germany threatens legal action if U.S. hikes import taxMarch 18, 2017 - 18:34 AMT PanARMENIAN.Net - Donald Trump’s proposal to tax imports may lead to litigation at the World Trade Organization, according to German Economy Minister Brigitte Zypries, RT said. Trump has warned the U.S. would impose a 35 percent border tax on BMW vehicles, produced at a new plant in Mexico. “I'm betting partly on reason and partly on the courts” to stop a damaging trade war, said Zypries in an interview with Deutschlandfunk public radio, Friday, March 17. “The other option is that we file a suit against him at the WTO - there are procedures laid out there because in the WTO agreements it is clearly laid out that you're not allowed to take more than 2.5 percent taxes on imports of cars,” the minister said. The U.S. became Germany's biggest export market last year, selling €107 billion of goods while importing just €58 billion worth. Germany’s trade surplus has been a source of tension between Washington and Berlin. “We know ourselves that that's a problem and we're working on it. Thankfully we just heard today that wage rises have been agreed again so that means domestic demand can increase again and we want to address tax incentives for research... so we're on a good path,” Zypries said. Nearly 72,000 steel workers in northwestern Germany will get a 2.3 percent wage increase starting April and a rise of 1.7 percent from May 1, 2018, according to the employers’ association for the German steel industry Arbeitgeberverband Stahl. “The Americans need our machines and our plants, and the other point is that we only have an export surplus in the machines and plants sector; in the service sector it's the other way around, due to big internet companies in the United States,” said Zypries. Photo: AFP Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Kazakh Foreign Minister arrives in Armenia Kazakh Foreign Minister Murat Nurtleu on Monday, March 18 arrived in Armenia for a two-day trip. Aliyev touts “good chances” for normalizing ties with Armenia Azerbaijani President Ilham Aliyev has declared that there are “good chances” for normalizing relations with Armenia. Top Armenian, Indian defense officials discuss cooperation The discussions primarily focused on enhancing cooperation in the defence sector between Armenia and India. IDBank unveils three sad stories about fraudsters IDBank has unveiled three scenarios of card fraud that have been happening more and more often in Armenia. |