BRUSSELS — The European Union yesterday published a list of U.S. products it plans to introduce duties on when the 28-nation bloc isn’t exempted from President Trump’s steel and aluminum tariffs.
The list contains many products including breakfast foods, kitchenware, clothing and footwear, washing machine’s, textiles, whiskey, motorcycles, boats and batteries.
They are worth around $3.4 billion in trade annually, though the list could grow on the equal of 6.4 billion euros the moment the full extent with the impact of U.S. tariffs may be known.
The EU’s executive Commission, which negotiates trade matters on the part of member countries, gave European industry stakeholders 10 days to object if he or she fear that any products focused on “rebalancing” tariffs would hurt their business.
Trump announced the other day they was imposing tariffs of 25 % on imported steel and Ten percent on aluminum. He temporarily exempted big steel producers Canada and Mexico — provided they consent to renegotiate a North American trade deal to his satisfaction.
He said other countries could possibly be spared too if they can convince Washington his or her exports don’t threaten American industry. The tariffs are set to enter force in the near future.
The EU believes it too must be exempted and rejects Trump’s assertion which the tariffs are required for national security and they are simply protectionist measures. Most EU countries are U.S. allies inside the world’s biggest security organization, NATO.
In Washington yesterday, White House press secretary Sarah Huckabee Sanders commented within the EU tariff list.
“The president’s going to continue fighting for the American worker,” she said. “He’s also getting a number of individual countries and negotiating on sectors of national security where we are able to band together, and there’s some flexibility there.”
EU Trade Commissioner Cecilia Malmstrom holds talks in the future with U.S. Secretary of Commerce Wilbur Ross.
Malmstrom met in Brussels last Saturday with U.S. Trade Representative Robert Lighthizer go over the tariffs additionally, the exemption procedures. She said she got “no immediate clarity for the exact U.S. procedure.”
That weekend, Trump argued the U.S. have been abused economically through the EU, saying we were looking at “wonderful countries who treat the U.S. very badly on trade.”
The EU insists that it must be focused on open, global trade, knowning that Trump’s tariffs are really a protective measure to brace U.S. industry which could undermine the global automated program. The bloc says a glut on steel markets is to blame.
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