Business

Eu Vs Us: Counter-tariffs to be effective Friday

Canada and Mexico have also announced their own similar trade countermeasures

Afp June 21, 2018

039 we did not want to be in this position however the unilateral and unjustified decision of the us to impose steel and aluminium tariffs on the eu means that we are left with no other choice 039 photo reuters

'We did not want to be in this position. However, the unilateral and unjustified decision of the US to impose steel and aluminium tariffs on the EU means that we are left with no other choice' PHOTO: REUTERS

BRUSSELS: A raft of retaliatory tariffs from the European Union (EU) against stiff metals duties imposed by US President Donald Trump will come into effect on Friday, a top EU official said. From blue jeans to motorbikes and whiskey, the EU’s hit-list of products targeted for tariffs with the US reads like a long list of emblematic American exports. “We did not want to be in this position. However, the unilateral and unjustified decision of the US to impose steel and aluminium tariffs on the EU means that we are left with no other choice,” the bloc’s trade commissioner Cecilia Malmstrom said in a statement on Wednesday. Cranberries, cranberry juice, orange juice, sweet corn and peanut butter are among the other food products targeted. Canada and Mexico have also announced their own similar countermeasures just as an even greater trade skirmish pitting the US against China deepens.

Published in The Express Tribune, June 21^st, 2018.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.