Breaking

EU to introduce €2.8bn retaliatory tariffs against US goods – report

Latest news

    The European Union will levy goods coming from America with tariffs worth €2.8 billion ($3.3 billion) after Washington applied tariffs on steel and aluminum from Europe, AFP and Reuters have reported.

    Read more

    Tariffs on Harleys, bourbon & blue jeans – how Europe plans to retaliate against Trump

    The measures will be adopted by the European Commission, whose next scheduled meeting is June 20, according to Reuters. The tariffs should be in place by late June or early July.

    “Member states have today unanimously supported the commission’s plan for the adoption of rebalancing measures on the US tariffs on steel and aluminum,” a European Commission source told AFP on condition of anonymity.

    “The EU will exercise its rights on US products valued at up to €2.8 billion ($3.3 billion) of trade, as notified to the WTO,” the commission source added in an interview with AFP.

    The retaliatory measures will hit emblematic American exports like Harley-Davidson motorcycles, bourbon whiskey, blue jeans and other goods.

    The US recently imposed tariffs on steel and aluminum coming from its allies in the European Union, Mexico and Canada. The trade penalties, 25 percent on imported steel and 10 percent on imported aluminum, took effect on June 1.

    View the original article: https://www.rt.com/business/429792-eu-us-retaliation-tariffs/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

    For more stories on economy & finance visit RT’s business section

    In the same category are

    Godzilla, Tardis & Einstein: NASA redraws constellations to map gamma-ray sky (IMAGE, VIDEOS) It’s probably the only time Albert Einstein, Godzilla and the Incredible Hulk will ever share an accolade, but the iconic figures are now part of cons...
    ‘Black folk will catch hell’: Pro-Trump group under fire over radio ads targeting Democratic senator Radio ads designed to boost the campaign of a Republican Missouri Senate candidate are raising eyebrows, as they include phrases like “black folk will...
    Mexico ‘opens border’ to women & children of US-bound migrant caravan (VIDEO) Mexico has opened its border to women and children from the thousands-strong migrant caravan that has been attempting to cross from Guatemala and even...
    Blunt move: Georgia’s presidential hopeful hands out ‘marijuana joints,’ gets detained (VIDEO) The very first “Cannabis Legalization Festival,” held in Georgia’s capital, produced doobie-ous results, as police prevented revelers from installing ...
    Trump ‘confirms’ he’s pulling US out of nuclear deal with Russia The US will pull out of the Intermediate-Range Nuclear Forces Treaty (INF) with Russia, AP reports President Donald Trump saying. He cited Russia’s al...
    1,000s gather in London for ‘biggest’ anti-Brexit rally seeking final say (VIDEO) Thousands of protesters are descending on Westminster for what organizers claim is the “biggest, loudest and most important” anti-Brexit demo since th...

    Leave a comment

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

    This site uses Akismet to reduce spam. Learn how your comment data is processed.