European Union expects to be excluded from Trump's trade tariffs

Frederick Owens
March 11, 2018

"We call for calm-headed behaviour", Seko said.

Turnbull went a step further, telling reporters in South Australia on Saturday that he was "very pleased the President was able to confirm that he would not have to impose tariffs on Australian steel and aluminum".

At that time, the European Union compiled a list of items for retaliatory tariffs that included steel products, but also orange juice, apples, sunglasses, knitwear, motor boats and photocopying machines.

The list, seen by dpa, includes goods such as bourbon, peanut butter, cranberries and orange juice, as well as steel, textile and industrial products. "We will have to protect our industry with rebalancing measures, safeguard", she added when asked if she would consider taking the dispute to the global trade regulator.

The European Union, wonderful countries who treat the USA very badly on trade, are complaining about the tariffs on Steel & Aluminum.

Trump signed an order for the 25 percent tariffs on steel imports and 10 percent for aluminum at the White House on Thursday to counter cheap imports, especially from China, which he described as "an assault on our country".

The EU expects to be excluded from US President Donald Trump's decision to impose tariffs on steel and aluminium imports, but is prepared to retaliate within 90 days if necessary.

As well as making it harder for European metal to find buyers in the USA, tariffs could also mean other foreign producers redirect their output to the EU, pushing the market there down.

European Union expects to be excluded from Trump's trade tariffs

Trade tensions between Washington and Beijing have risen since Trump took office past year. As a result, China ranks only 11th in steel and fourth in aluminum imports to the United States.

European Union sources confirmed that a British breach of trust would be looked on dimly by Michel Barnier, the bloc's chief Brexit negotiator, and sour the ongoing talks and future trade negotiations.

Within minutes of Trump's announcement, U.S. Republican Senator Jeff Flake, a critic of the president, said he would introduce a bill to nullify the tariffs.

Argentina accounts for just 0.6 per cent of USA steel imports and 2.3 percent of its aluminum imports.

Some Democrats praised the move.

She did not say what level of tariffs the European Union would set, leaving it unclear what the economic impact would be. According to Reuters, Japanese Trade Minister Hiroshige Seko will also join the meeting in Brussels.

Trump, elected on a promise to roll back the effects of globalisation on the U.S. economy with an "America First" platform, said Thursday he planned to impose 25 percent tariffs on steel imports and 10 percent on aluminium.

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