EU RETALIATORY TARIFFS ON U.S. PRODUCTS
Submitted by christian on Thu, 06/07/2018 - 14:56
The EU estimates the U.S. tariffs on steel and aluminum will cost the bloc around € 2.8 billion and its countermeasures from July 2018 aim to penalize imports from the United States to the same value, while also generating political pressure on Trump at home from industries whose export will be hit.
- Steel: Dozens of steel products are targeted, including bars and rods, rolled steel, stainless steel, wire, tubes, chain, pipes and scaffolding, as well as kitchen appliances, ovens, ladders and washbasins.
- Clothing and fabrics: Clothing includes 'trousers and breeches of cotton denim (jeans) along with bedlinen and men's leather footwear. Swimwear and underwear are excluded.
- Cosmetics: Eye make-up and lipstick are listed, as together they account for more than € 280 million worth of EU imports from the U.S. in 2017.
- Transport: Motorbikes and mopeds with reciproacting internal combustion piston engines of 500 cc capacity and above includes Harley-Davidson models. Boats, yachts, canoes and rowing boats are also on the list.
- Food and Drink: Maize, rice, cranberries, cranberry juice, orange juice, sweetcorn and peanut butter are among the food products targeted. This list also covers bourbon whiskey- the EU imported some € 415 million worth from the U.S. in 2017 along with another € 150 million worth of whiskey without the 'bourbon' designation.
- Other items: Cigarettes, cigars, cheroots (a type of thin cigar) and other types of tobacco.
Targeted Products (Not Final List)
- Bars and rods
- Bedlinen
- Boats
- Bourbon Whiskey
- Canoes
- Chain
- Cheroots
- Cigarettes
- Cigars
- Cranberries
- Cranberry juice
- Eye make-up
- Kitchen appliances
- Ladders
- Lipstick
- Maize
- Men's leather footwear
- Motorbikes and mopeds with reciprocating internal combustion piston engines of 500 cc capacity and above including most Harkey-Davidson models
- Orange juice
- Ovens
- Peanut butter
- Pipes
- Rice
- Rolled steel
- Rowing boats
- Scaffolding
- Stainless steel
- Sweetcorn
- Trousers and breeches of cotton denim (jeans)
- Tubes
- Washbasins
- Wire
- Whiskey
- Yachts
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