European Union to impose duties on United States imports on Friday after Trump tariffs

European Union to impose duties on United States imports on Friday after Trump tariffs

European Union to impose duties on United States imports on Friday after Trump tariffs

It was the first time he had threatened to impose a specific level of tariffs on automobiles from Europe.

The Commission formally adopted a law putting in place the duties on 2.8 billion euros (RM12.9 billion) worth of USA goods, including steel and aluminium products, farm produce such as corn and peanuts, bourbon, jeans, and motorcycles.

"Based on the Tariffs and Trade Barriers long placed on the US and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the US", Trump tweeted.

She said: "The recent United States moves imposing tariffs on steel and aluminium are an illegal move, and threaten to destabilise the WTO.

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 Kim Jong un, with whom he had a historic meeting last week, and Russia's Vladimir Putin. Trump wrote in a tweet. "Our response will have to be proportionate, reasonable and intelligent".

The White House last week announced plans to slap 25 percent tariffs on 1,100 Chinese goods, worth $50 billion in imports. Senators this week grilled Commerce Secretary Wilbur Ross.

Its duties target goods worth $3.3bn (£2.5bn) after the United States imposed tariffs on the bloc's steel and aluminium. At a meeting with auto makers at the White House on May 11, Trump told them he was planning to impose tariffs of 20% or 25% on some imported vehicles and sharply criticised Germany's automotive trade surplus with the US.

More news: Strong quake strikes Japanese city

Merkel also cited to the EU's retaliatory tariffs on Bourbon and Harley Davidsons and said: "We don't let ourselves be taken advantage of again and again". In fact, it goes against all logic and history.

"Needless to say, it is in full respect of EU and [World Trade Organization] rules", said European Commission spokesperson Alexander Winterstein. She had earlier sought to dispel anxieties that the situation would become a trade war.

"The trade that we believe in is built on rules, trust, and reliable partnership", E.U. Commission president Jean-Claude Juncker said Thursday night.

The EU put some 180 types of products on its tariffs list, from agricultural products like orange and cranberry juice to steel and aluminium items to manufactured goods, such as makeup, clothes, and boats.

Felipe Munoz, global analyst at JATO Dynamics, said: "While German-made cars accounted for 4% of Q1-18 U.S. sales, American-made cars made only 1.3% of German registrations in the first quarter".

"The parties that will be most impacted are U.S. companies", he said.

Although a large portion of the US's most popular vehicle models, including those from foreign brands (such as the upcoming BMW X7), are already manufactured within its borders, many are imported from other countries.

Related news



[an error occurred while processing the directive]