Donald Trump's tit-for-tat trade war keeps heating up. The European Union announced Wednesday it will in July start imposing a sweeping round of tariffs on $3 billion worth of U.S. products in retaliation for the White House's decision to hit European steel and aluminum products with duties.Millions of U.S. workers work industries associated with the production and sale of those products.
"This is a measured and proportionate response to the unilateral and illegal decision taken by the United States to impose tariffs on European steel and aluminum exports," EU Commissioner for Trade Cecilia Malmström said in a statement.
The commission cited WTO rules that it said allow for proportional counter-tariffs, and endorsed a list of goods it had previously submitted to the organization.
"We regret that the United States left us with no other option than to safeguard EU interests," said Malmström.
The list includes a 25 percent tariff on imported U.S. steel and aluminum, and proposes duties on a hodgepodge of over 100 items, including bourbon, motorcycles, peanut butter, cranberries, orange juice, porcelain tableware, fishing vessels, plasma cleaner machines for removing contaminants from electron microscopy specimens, and digital flight-data recorders.
E.U. Announces Tariffs on $3B Worth of U.S. Products
Donald Trump, he of the BEST DEALS, has art-of-the-dealed us right into a global trade war. Ben Popken at NBC News reports:
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