You are here: Home » PTI Stories » National » News
Business Standard

EU backs tariffs against US as trade war escalates

AFP  |  Brussels 

EU countries today approved a raft of tariffs targeting US goods including whiskey and motorcycles in retaliation against painful duties imposed by on European metals.

Europe's move fuels a growing transatlantic trade war just days after a disastrous summit in at which Trump lambasted his allies on the issue and refused to adopt a joint statement.

The European countermeasures aimed at 2.8 billion euros (USD 3.3 billion) of American imports come after Trump on June 1 followed through on his threat to impose tariffs on European and aluminium exports.

"Member states have today unanimously supported the commission's plan for the adoption of rebalancing measures on the US tariffs on and aluminium," a source told AFP on condition of anonymity.

The source added that the EU tariffs would take effect "in coming days", with other officials saying they would be implemented by the beginning of July.

first drew up the list in March when Trump initially floated the 25 per cent tariffs on imports and 10 per cent on aluminium, which also target Canada, and other close allies.

From blue jeans to motorbikes and whiskey, the EU's hit-list of products targeted for tariffs with the US reads like a catalogue of emblematic American exports.

The list does not specifically name brands but spelled out in March that the bloc was "preparing import duties for US products including Harley-Davidson, bourbon and Levi's jeans."

The EU imported some 415 million euros' worth from the US in 2017, along with another 150 million euros' worth of whiskey without the "bourbon" designation.

Cranberries, cranberry juice, orange juice, sweetcorn and peanut butter are among the other targeted.

The list hits clothing including "trousers and breeches of cotton denim" along with bed linen and men's leather footwear, eye make-up and lipsticks, plus a host of

"The EU will exercise its rights on US products valued at up to 2.8 billion euros of trade, as notified to the WTO (Trade Organisation)," the commission source added.

Transatlantic ties are at their lowest level for many years due to rows over a host of issues including the tariffs, the climate agreement, the nuclear deal and the new

But relations plumbed new depths at the weekend as Trump abruptly rejected the text of a statement and bitterly insulted his Canadian host,

Trump claimed had been obliged to levy the metals tariffs as it has been exploited as the world's "piggy bank" under existing arrangements.

His counterparts however said they were equally determined to protect "rules-based"

Trump's outbursts were the latest in which he has clashed with America's closest allies, even as he has had warm words for autocrats like North Korean leader un, with whom he had a historic meeting on Tuesday, and Russia's

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

First Published: Thu, June 14 2018. 22:45 IST
RECOMMENDED FOR YOU