June 22, 2018 7:18 PM

printer

EU retaliatory tariffs on US goods come into force

<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">The European Union (EU) has introduced retaliatory tariffs on US goods as a top official launched a fresh attack on President Donald Trump's trade policy. The duties on US goods worth of 2.8 billion euros came into force today. <br />''<br />''Tariffs have been imposed on products such as bourbon whiskey, motorcycles and orange juice. European Commission President Jean-Claude Juncker said duties imposed by the US on the EU go against all logic and history.  </div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><span style="white-space: pre-wrap;"><br />''</span>India, meanwhile, has said it will raise taxes on 29 products imported from the US, including some agricultural goods, steel and iron products – in retaliation for the wide-ranging US tariffs. The new duties will come into effect from 4 August this year and will affect US almonds, walnuts and chick peas, among other products. India is a top buyer of US almonds and so the move is expected to hurt farmers in America.</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><span style="white-space: pre-wrap;"><br />''</span>The Trump administration announced in March that it would introduce tariffs of 25 per cent on steel and 10 per cent on aluminium imported into the US.</div>

Most Read
View All arrow-right

No posts found.