European Union retaliates against Trump’s metal tariffs

Lloyd Doyle
June 20, 2018

European Union steel and aluminum exports now facing USA tariffs are worth a total of 6.4 billion euros.

EU countertariffs on a list of USA products would come into force on Friday, the European Commission said Wednesday.

The tariffs, which come as a direct reaction to U.S. President Donald Trump's decision to hit the European Union with tariffs on steel and aluminum, will apply from Friday, the Commission said in a press release.

"We do not want to be in this position", EU Trade Commissioner Cecilia Malmstrom said in a statement, adding that the "unilateral and unjustified" USA decision had left the EU with no choice.

The European Commission today formally adopted the implementing regulation that will slam 25 percent tariffs on a list of American products worth €2.8 billion.

The EU also launched legal proceedings against the the WTO on June 1.

Canada has announced it will impose retaliatory tariffs on C16.6 billion ($12.5 billion) worth of USA exports from July 1.

Trump has said that the tariffs are needed to protect the nation's national security.

He said a global solution is need to stop China from shipping its steel through other countries to get around tariffs that the United States has already put into place.

In March, Trump made a decision to hit importers with a tariff of 25 percent on steel and 10 percent on aluminum.

USA and European Union flags are pictured during the visit of Vice President Mike Pence to the European Commission headquarters in Brussels, Belgium February 20, 2017.

The EU said that if the situation isn't resolved, or if the US responds with more tariffs, the EU said that it will add additional tariffs on 160 USA products worth $4.3 billion.

Other reports by Iphone Fresh

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