Trade Associations Plea To ‘Stop The Tariff’ On Machine Imports

The retaliatory tariffs levied by the United States and the European Union on a variety of goods traded between the two countries, including amusement and gambling machines, are the focus of a joint letter sent to the two governments by 88 trade organisations.

The message, which was signed by all of the trade organisations, was sent to Brussels and Washington this week, urging the permanent elimination of tariffs levied in a tit-for-tat escalation between the two countries.

The real source of contention is what is perceived to be undue government funding for aircraft manufacturing.

The letter, which covers a range of items from agricultural machinery to consumer and industrial goods, was addressed to both EU President Ursula von der Leyen and President Biden. Tariffs have been suspended for four months, which the organisations welcome, however they want it to be permanent.

On June 1, a second round of retaliatory tariffs in the conflict will be implemented, which the organisations hope to avoid.

Euromat, the European federation of coin machine trade associations, is one of the organisations that signed the document. After Brexit, the United Kingdom is no longer a party to the conflict and is unaffected in direct transatlantic trade.