Following the announcement of the mutual tariff by US President Donald Trump, the European Union also proposed a against -tariff of 25% by retaliation. This proposal applies to a long list of American goods. The European Union has made it clear that it is ready to face American protectionism. The proposal will be voted by the EU member states on April 9. If the proposal is accepted, these fees will be implemented from April 15. However, most of the fees are charged from May and December. The European Commission has targeted dozens of US products. Some of these names are shocking. For example, items on which the European Commission decided to retaliate include diamonds, eggs, dental sleep, sausage, chicken, almonds and soybeans. The European Commission is considering putting rates on all these things after some time. Interestingly, Borbon, wine and dairy products were removed from the list. The reason is that Trump has threatened that if the European Union places rates on these items, the US would place a 200% to European liquor tariff. This was especially a matter of concern for France and Italy, of which the wine industries are very large and impressive. The war was underway from 2018, the tariff war began in 2018 when the Trump administration imposed heavy rates on steel and aluminum imports. In response, the European Union imposed a 25 percent per fee on multiple products, including US whiskey. In 2021, Joe Biden’s term of office was some relief and the fee on American whiskey was suspended as part of the talks. However, the dispute emerged again with Trump’s return. US-European trade union relations Donald Trump’s policy again shakes the global trading system. The European Union plans to impose against tariffs with self -control and strategy in an effort to maintain trade balance. Once these fees apply, however, it will be interesting to see in which direction this conflict is going. Share this story -tags
Eggs, almonds, oil and soybean will all be expensive … Why would the European Union place 25% against tariff on America
