EU to impose retaliatory tariffs on US imports from July
Source: Associated Press
By LORNE COOK
1 hour ago
BRUSSELS (AP) — The European Union on Wednesday announced it will start imposing duties from July on a list of U.S. products in response to President Donald Trump’s decision to slap tariffs on steel and aluminum imports from Europe.
“The new duties start applying in July,” European Commission Vice-President Maros Sefcovic told reporters. “It is a measured and proportionate response to the unilateral and illegal decision taken by the United States.”
Sefcovic said that formalities in finalizing the list should be completed this month. The EU says it will introduce “rebalancing” tariffs on about 2.8 billion euros’ ($3.4 billion) worth of U.S. steel, agricultural and other products, including bourbon, peanut butter, cranberries and orange juice.
Trump imposed tariffs of 25 percent on steel imports and 10 percent on imported aluminum from the EU on June 1. He said the move is meant to protect U.S. national security interests, but the Europeans claim it is simply protectionism and breaks global trade rules.
Read more: https://apnews.com/b3e958fcf50141478ecf6db9b8626c3d/EU-to-impose-retaliatory-tariffs-on-US-imports-from-July
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