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Friday, 15 June 2018 - 13:53
Trade war : EU countries approve new tariffs on US products
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EU countries have approved a raft of tariffs targeting US goods including whiskey and motorcycles in retaliation against painful duties imposed by President Donald Trump on European metals.
 
Europe’s move fuels a growing transatlantic trade war just days after a disastrous G7 summit in Canada at which Trump lambasted his allies on the issue and refused to adopt a joint statement.
 
The European countermeasures aimed at €2.8 billion euros ($3.3 billion) of American imports come after Trump on 1 June followed through on his threat to impose tariffs on European steel and aluminium exports.
 
The EU tariffs would take effect by the beginning of July.
 
Brussels first drew up the list in March when Trump initially floated the 25 percent tariffs on steel imports and 10 percent on aluminium, which also target Canada, Mexico, and other close allies.
 
From blue jeans to motorbikes and whiskey, the EU’s hit-list of products targeted for tariffs with the US reads like a catalogue of emblematic American exports.
 
The list does not specifically name brands but European Commission chief Jean-Claude Juncker spelled out in March that the bloc was “preparing import duties for US products including Harley-Davidson, bourbon and Levi’s jeans.”
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