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European Union To Hit US With €26 Billion Tariffs In Retaliation Over Steel, Aluminium Duties

Free Press Journal

Free Press Journal

Summary

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U.S. President Donald Trump's increased tariffs of 25% on all steel and aluminium imports took effect on Wednesday as prior exemptions, duty free quotas and product exclusions expired.
The Gazette
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No sooner had Donald Trump confirmed his intention to impose a 25% tax on steel and aluminum imports than the European Commission launched its "firm and proportionate countermeasures." While the Commission estimates that the new tariffs imposed by Washington will affect $28 billion worth of goods, Brussels has announced its intention to tax up to the same amount on imports of American goods (€26 billion).
Le Monde
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That would involve reintroducing from April 1 tariffs on goods like corn that were suspended after a previous trade battle during Trump's first term, and imposing duties from April 13 on products from a new list that includes soybeans.
Reuters
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EU Retaliates Against US Metals Tariffs, Widening Trade War
Bloomberg News

■ Story #10 ▪

issue 88:88 ▪

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updated 88:88

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