European Union says it will start to impose tariffs on United States on Friday
22 June, 2018, 17:45 | Author: Lora Ball
Brussels first drew up the list in March when Trump initially floated the 25 per cent tariffs on steel imports and 10 per cent on aluminum, which also target Canada, Mexico and other close allies.
The European Union slapped revenge tariffs on iconic United States products including bourbon, jeans and motorcycles on Friday in its opening salvo in a trade war with President Donald Trump. The EU does not rely on the U.S.as a market for its steel exports as much as Canada or Mexico, which are also being hit by the USA tariffs and stand to lose more.
Earlier this month, Mexico imposed a series of tariffs on $3 billion worth of USA exports of pork, apples, potatoes, bourbon as well as different types of cheese. India and Turkey have already targeted US products, ranging from rice to autos to sunscreen.
The European Union will start taxing a range of US imports Friday, June 22, including quintessentially American goods like Harley-Davidson bikes and cranberries, in response to President Donald Trump's decision to slap tariffs on European steel and aluminum.
After being deferred, the duties on steel and aluminium went ahead on 1 June and affect the EU, Canada, Mexico and other close USA allies.
"It will be a disaster", said Nagesh Balusu, manager of the Salt Whisky Bar and Dining Room in London and expects the European Union's tariffs to add more than $7 to the price of a bottle of Jack Daniels, which is imported from Tennessee.
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