EU to impose duties on U.S. imports Friday after Trump tariffs
UPDATE 1-EU to impose duties on U.S. imports Friday after Trump tariffs
The European Union will begin charging import duties of 25 percent on a range of U.S. products on Friday, in response to U.S tariffs imposed on EU steel and aluminium early this month, the European Commission said on Wednesday.
The move confirms a tit-for-tat dispute that could escalate into a full trade war, particularly if U.S. President Donald Trump carries out his threat to penalise European cars.
The Commission formally adopted a law putting in place the duties on 2.8 billion euros ($3.2 billion) worth of U.S. goods, including steel and aluminium products, farm produce such as sweetcorn and peanuts, bourbon, jeans and motor-bikes.
She called the EU response proportionate and in line with World Trade Organization rules and said that they would be removed if Washington removed its metal tariffs. EU steel and aluminium exports now facing U.S. tariffs are worth a total of 6.4 billion euros.
Canada has announced it will impose retaliatory tariffs on C16.6 billion ($12.5 billion) worth of U.S. exports from July 1. . Mexico put tariffs on American products ranging from steel to pork and bourbon two weeks ago.
Some of the products chosen are designed to target the states of Republicans, who are seeking to retain control of both chambers of Congress in November elections.
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