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EU 'should be excluded' from US tariffs: top European trade official

AFP  |  Brussels 

The EU "should be excluded" from new US tariffs on and imports, the bloc's top insisted today, saying would seek urgent clarification from

has already drawn up a hit list of flagship American products to target for countermeasures if its exports are affected by the tariffs signed off by US today,


Trump imposed the tariffs -- 25 per cent on and 10 per cent on -- despite repeated warnings from the EU and other allies that this could trigger a full-on trade war.

"The EU is a close ally of the US and we continue to be of the view that the EU should be excluded from these measures," EU wrote on

"I will seek more clarity on this issue in the days to come," she said, adding that she would meet US Trade in for talks on Saturday.

Announcing the tariffs, Trump said and would be excluded and other countries could negotiate exemptions, but he singled out for criticism.

The said the problem of global over-capacity in needed all sides to work together, insisting "tariffs are not the right way" to tackle the issue.

"We will work with EU partners to consider the scope for exemptions outlined today and continue to work with all the sectors involved in this decision to robustly support our industries," the government said a statement.

The EU has threatened retaliatory tariffs on a wide range of US imports items; from to peanut butter, bourbon and denim jeans -- most of which are produced in states that Trump needs to win reelection.

exports around five billion euros' (USD 4 billion) worth of and a billion euros' worth of to the US each year, and the commission estimates Trump's tariffs could cost some 2.8 billion euros.

The EU is also looking at "safeguard" measures to protect its industry -- restricting the bloc's imports of and to stop foreign supplies flooding the European market, which is allowed under (WTO) rules.

EU yesterday warned Trump that "trade wars are bad and easy to lose", directly rebuffing the US leader's claim last week they were "good and easy to win".

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 09:25 IST
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