EU to start imposing retaliatory tariffs on US on Friday

Gladys Abbott
June 21, 2018

On March 1, President Donald Trump announced that the United States would be imposing a 25 percent global tariff on all steel imports to the USA and a 10 percent global tariff on all aluminum imports.

Mexico has already put tariffs on USA products that include steel and pork.

The Commission formally adopted a law putting in place the duties on 2.8 billion euros ($3.2 billion) worth of USA goods, including steel and aluminum products, farm produce such as sweetcorn and peanuts, bourbon, jeans and motor-bikes.

In return, the European industry leaders want U.S. President Donald J. Trump to withdraw the threat of imposing a 25 percent tax on European auto imports, made after the EU threatened retaliation to metal tariffs.

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European Union trade official Cecilia Malmström said that the European Union "did not want to be in this position", but that it had no choice. Warren looks to block Trump pick for consumer agency Trump leading us further down the trade rabbit hole MORE told a Senate panel on Wednesday that the Section 232 tariffs were created to revive the steel and aluminum industries that have been harmed by imports.

Ms Malmstrom insisted the EU's measures were "measured, proportionate" and in line with World Trade Organisation rules.

The former reality TV star is fighting a trade war on multiple fronts, with China also promising swift retaliation after the United States threatened to impose levies on a further £151bn ($200bn) of Chinese goods. A separate 10 per cent levy is being applied to US playing cards imported into the bloc.

Canada and Mexico followed with tit-for-tat tariffs on USA steel and aluminium.

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