EU to impose duties on U.S. imports Friday after Trump tariffs

[demmiblue]

Source: Reuters

BRUSSELS (Reuters) - The European Union will begin charging import duties of 25 percent on a range of U.S. products on Friday, in response to U.S tariffs imposed on EU steel and aluminum early this month, the European Commission said on Wednesday.

The move confirms a tit-for-tat dispute that could escalate into a full trade war, particularly if U.S. President Donald Trump carries out his threat to penalize European cars.

The Commission formally adopted a law putting in place the duties on 2.8 billion euros ($3.2 billion) worth of U.S. goods, including steel and aluminum products, farm produce such as sweetcorn and peanuts, bourbon, jeans and motor-bikes.

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

Read more: https://www.reuters.com/article/us-usa-trade-eu/eu-to-impose-duties-on-u-s-imports-friday-after-trump-tariffs-idUSKBN1JG1AY?feedType=RSS&feedName=topNews&utm_medium=Social&utm_source=twitter

[beachbum bob]

1. seems this may be the time China will announced there intentions in repsonse to Trumps

latest blatherings

this game is something US will lose

[RKP5637]

2. Trump won't be happy until he destroys the US and the GOP will sit in congress and nod OK.

[beachbum bob]

3. Putin is beyond happy

[TreasonousBastard]

4. How does this work? Mercedes imports German or Swedish steel to Alabama...

to make cars and SUVs for the US and some export markets.

Since they use Just In Time inventory, they have no more than a few hours of steel on hand and depend on regular deliveries, so can't easily preorder to beat the price hikes. And there is a huge amount of parts and gizmos going back and forth between Slovakia, Canada,
Mexico and here.

So, not only would this make C-Class cars and SUVs more expensive here, it would also kill off any exports of whatever they make down there.

[BumRushDaShow]

5. This is how one destroys a country from within

while claiming to be "protecting" it.

[nycbos]

6. Bourbon and motorbikes has been on the list of all retaliatory tariffs.

They seem to know to target a product Mitch McConnell's and Paul Ryan's home states.