European Union counter-tariffs against United States come into effect on Friday - commission

22 June, 2018, 17:46 | Author: Salvatore Jensen
  • Report: German automakers offer to end EU's tariff's on US autos

The retaliatory measure comes in response to USA tariff hikes on steel and aluminum that were imposed on European Union member countries on June 1, with the White House citing grounds of national security.

Malmstrom said that "we are left with no other choice".

Malmström added that if the US removes its tariffs, the European taxes would also be lifted.

The European Union retaliated against President Trump's steel and aluminum tariffs Friday with tariffs on about $3.3 billion worth of American goods, including bourbon, orange juice, peanut butter, and motorcycles.

Canada has announced it will impose retaliatory tariffs on C$16.6 billion (RM50 billion) worth of United States exports from July 1.

"We don't want to do anything that would harm consumers", he said.

In the case of China, even though the world's second-largest economy does not import enough from the United States to match Mr Trump's tariffs dollar for dollar, Beijing can still squeeze American companies in other ways.




But the administration's insistence that the U.S. was hit with disproportionate tariffs from key trading partners "is simply not true", wrote Gregory Daco, head of U.S. Economics at Oxford Economics, in a research note.

In March, President Trump pledged to impose 25 percent tariffs on steel imports and 10 percent tariffs on aluminum imports from Canada, Mexico and the European Union. "Our response will have to be proportionate, reasonable and intelligent".

President Trump won't allow China to prey on USA technology any longer, White House National Trade Council Director Peter Navarro told FOX Business on Wednesday.

When the USA imposed the tariffs it said it was doing so as a matter of national security - further angering its closest allies, whose tariffs are now targeting President Trump's base of support - in the steel and aluminum industries, but also in farming states, and in whiskey-producing Kentucky.

The commission formally adopted the new tariffs, allowing them to come into effect on June 22.

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

Recommended:



Popular

Senegal fans praised worldwide for what they did after the Poland victory
Since 1950, when group stages were introduced, only seven host nations have won their first two matches. These are efforts that haven't gone unnoticed by fans from other countries, per Mashable .

Dwight Howard headed from Charlotte Hornets to Brooklyn Nets
The 32-year-old Howard played only one season for Charlotte, averaging 16.6 points and 12.5 rebounds per game. Shortly after, Yahoo Sports' Shams Charania confirmed the deal and the pieces being flipped.

Italian ship carrying hundreds of migrants finally docks in Spain
Each was assigned to a translator, and authorities worked to determine their identities before they were sent to welcome centres. The first migrantwas a 29-year-old man from South Sudan. "People are calm and pleased to be arriving in Spain", the group said.

DHS: 1,995 Children Separated from Families Under ‘Zero Tolerance’ Policy
Sessions blamed loopholes in U.S. immigration laws for encouraging the jump in asylum-seekers entering the country illegally. According to Politico , there were already almost 80,000 immigration cases involving unaccompanied minors as of March 31.

Meghan Markle wore this €34 item to a wedding at the weekend
Prince Harry's cousin, Lady Kitty Spencer, 27, who is an aspiring model, was also at the wedding wearing a floral dress. I wish it had been me. "I don't think the stork has hit the air yet, but I think it will happen sooner or later".

Strong quakes hit Japan, killing at least 2, and Guatemala
Motochika Goto, 85, was crushed by a bookcase and died in Ibaraki in the Osaka suburbs, according to local police. The quake struck at 7:58 a.m. local time, with an initial magnitude of 5.9 that was later revised upwards to 6.1.

France star Kante thankful for technology after win over Socceroos
Who doesn't? And, to be fair, the strides made in the past 12 or 13 years have been remarkable in this regard. Similarly, France's 80th-minute victor was understandably labeled "lucky" by Van Marwijk after the contest.

Federation Internationale de Football Association probes chants by Mexico fans for homophobia
But what can be said for Germany - they seemed hesitant, shaky and somewhat unconvincing in the defence of their World Cup title.

Giuliani: Trump isn't planning to issue pardons during Russian Federation probe
If the president does not agree, it's unclear whether Mueller would try to compel his testimony with a grand jury-issued subpoena. Susan Collins of ME said on CBS' "Face the Nation" that she thought it was helpful Giuliani has recommended against pardons.

Michael Porter Jr. cancels second pro day because of strained hip
For much of 2017, Porter was projected to be one of the top two picks in the 2018 National Basketball Association draft. One team that's reportedly showing some serious interest in him is the Kings , who pick all the way up at No. 2.