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EU Commission proposes 25% counter-tariffs on some US imports, document shows
EU Commission proposes 25% counter-tariffs on some US imports, document shows
www.reuters.com
reuters.com
5 comments
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Well, it’s a start
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They don't want to add to the crisis.
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Understandable. But they may have no choice. A flat 25% tariff on all US goods and an extra 100% on anything made with at least 51% components produced in red states would be an appropriate response, I think.
(American living in a ruby red state here)
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The Commission had earmarked a 50% tariff on bourbon, which had prompted Trump to threaten a 200% counter-tariff on EU alcoholic drinks if the bloc went ahead.
Trump's threat worried France and Italy in particular owing to their significant wine industries.