The European Union (EU) will begin charging import duties of 25 per cent on a range of U.S. products tomorrow, in response to USA tariffs imposed on EU steel and aluminium early this month, the European Commission said yesterday. "However, the unilateral and unjustified decision of the United States to impose steel and aluminium tariffs on the EU means that we are left with no other choice", EU Trade Commissioner Cecilia Malmstrom said. Several weeks ago, he ordered Commerce Secretary Wilbur Ross to launch what's known as a "232" investigation.
The EU has also filed a case contesting the legality of the US tariffs with the World Trade Organization. "In fact, it goes against all logic and history".
The spat comes amid a wider push by President Trump's administration to hit other countries with tariffs that would reduce the USA trade deficit. The EU imposes a 10 per cent tariff on imported US cars.
North Korea, China agree to boost cooperation
That's OK". "We got back our great fallen heroes, the remains sent back today, already 200 got sent back", said Trump. Kang said a plan of action would emerge in follow-up negotiations between Pompeo and North Korean officials.
"The rules of global trade, which we have developed over the years hand in hand with our American partners, can not be violated without a reaction from our side", she said.
Earlier this month, Mexico imposed a series of tariffs on $3 billion worth of United States exports of pork, apples, potatoes, bourbon as well as different types of cheese.
"If we chose products like Harley Davidson, peanut butter and bourbon, it's because there are alternatives on the market", said Jyrki Katainen, the European Commission's vice president for growth, jobs and investment, in a statement.
In trade wars, there tend to many casualties and few winners. "We don't want to do anything that would harm consumers". And bourbon is a big product of Kentucky, where the Senate majority leader, Republican Mitch McConnell, is from. However, he gave temporary exemptions to a handful of countries, including Canada, Mexico, and the European Union trading bloc. That comes after the USA put a 25 percent tariff on $34 billion of Chinese goods, to which Beijing responded by imposing an identical charge on the same amount of American goods.
"'The people of Germany are turning against their leadership as migration is rocking the already tenuous Berlin coalition", Trump tweeted earlier this week.