Published: Thu, June 21, 2018
Money | By Armando Alvarado

U.S. imports to attract EU levy from June 22

U.S. imports to attract EU levy from June 22

The European Union will start imposing duties on a list of US products as of Friday in response to President Donald Trump's decision to slap tariffs on steel and aluminium imports from Europe.

On March 1, President Donald Trump announced that the United States would be imposing a 25 percent global tariff on all steel imports to the US and a 10 percent global tariff on all aluminum imports.

The EU is reserving the right to target more USA products with further duties no later than March 23, 2021.

"We did not want to be in this position".

Cranberries, cranberry juice, orange juice, sweetcorn and peanut butter are among the other food products targeted. "However, the unilateral and unjustified decision of the United States to impose steel and aluminum tariffs on the European Union means that we are left with no other choice".

Ms Malmstrom insisted the EU's measures were "measured, proportionate" and in line with World Trade Organisation rules.

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The tariffs are the latest in a tit-for-tat row between the traditionally close allies, which began when Donald Trump introduced harsh tariffs on imported steel and aluminium.

Canada also promised retaliatory tariffs worth $12.8bn on U.S. products including steel, aluminium, whiskey and orange juice.

Other countries hit by the United States tariffs have also retaliated, raising fears of a global trade war.

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

Canada and Mexico have also announced their own similar countermeasures just as an even greater trade skirmish pitting the U.S. against China deepens.

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