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All member states have agreed that the EU will impose a tariff of 2.8 billion euros on US products

Time:2018-06-21 Views:584

The European Union expects to hit imports from the United States with duties of 25 percent from July on bourbon, jeans, motorcycles, orange juice and a variety of steel products, ratcheting up a transatlantic trade conflict after Washington imposed its own tariffs on incoming EU steel and aluminum, according to Reuters.

EU member states have given broad support to a European Commission plan to set 25 percent duties on up to EUR 2.8 billion of US exports in response to what is sees as illegal US action to set tariffs worth EUR 6.4 billion on EU exports of steel and aluminum.

“The Commission expects to conclude the relevant procedure in coordination with member states before the end of June so that the new duties start applying in July,” EU commissioner Maros Sefcovic told a news conference on Wednesday.

European Commission’s plan also includes duties of between 10 and 50 percent on a further EUR 3.6 billion of US imports in March 2021 or potentially sooner if the World Trade Organization has ruled the US measures illegal.

US products on the list include orange juice, bourbon, jeans, motorcycles and a variety of steel products.

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