September 25, 2018

EU to impose tariffs on US imports from July (Guardian)

EU to impose tariffs on US imports from July (Guardian)

The EU will impose tariffs on US imports ranging from Harley-Davidson motorbikes to jeans from next month in retaliation for Donald Trump’s decision to put duties on European aluminium and steel.

Despite the apparent reluctance of the UK’s international trade secretary, Liam Fox, to publicly back the EU’s proposed “tit for tat” measures, the European commission said it had the full support of all its 28 member states to act. The EU is finalising the list it will submit to the World Trade Organisation but the bloc aims to introduce “rebalancing” tariffs on about €2.8bn (£2.5bn) worth of US steel as well as industrial and agricultural products, including bourbon, peanut butter, cranberries and orange juice. Read more

We think you'd love these too...

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *