EU approves retaliatory tariffs

The tariffs will take effect in the coming days

BRUSSELS: EU countries approved a raft of retaliatory tariffs, including on whiskey and motorcycles, against painful duties imposed by US President Donald Trump on European metals, sources said. The 28-member bloc agreed to activate the countermeasures after Trump on June 1 followed through on his threat to impose tariffs on European steel and aluminium exports. “Member states have today unanimously supported the commission’s plan for the adoption of rebalancing measures on the US tariffs on steel and aluminium,” a European Commission source told AFP on condition of anonymity. The source added that the tariffs would take effect “in coming days”, with other officials saying they would be implemented by the beginning of July.

Published in The Express Tribune, June 15^th, 2018.

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