EU hits back at Trump tariffs and warns against trade war

In Brussels, it was immediately after Wednesday 06:00. However, 25%of Donald Trump’s tariffs on steel and aluminum were applied to major US trading partners, which was midnight in Washington DC.

It took less than 10 minutes to respond to the European Union.

“Target is tax,” said Ursula Von der Leyen European Commission. It’s not good for business and bad for consumers. ”

The EU’s initial measures will be applied to US products on April 1. From jeans and motorcycles to peanut butter and bourbonLike the first tariff of the Trump administration in 2018 and 2020.

But in mid -April, there will be more. Two weeks of consultation with stakeholders in two weeks may include fabrics, home devices, food and agricultural products.

A list of almost 100 pages of items is distributed with meat, dairy products, fruits, wine and spirits, toilets, toilets, coats, swimsuit, night dress, shoes, chandeliers and lawns.

Consumers increase the price of European supermarket shelves, especially US products. But in the case of business and some industries, especially steel, there is a practical risk.

DIRK JANDURA warned that Germany’s BGA BGA Chairman and Foreign Trade and Service Federation, DIRK Jandura, may have to dig deeper into pockets to pay US products in supermarkets.

Orange juice, bourbon and peanut butter were the largest products. “The margin of trade is so low that it cannot be absorbed by the company,” he said.

The EU aims to export a total of 26 billion euros (£ 22 billion).

“We will not enter the hypothesis except to say that we are carefully preparing for all of these results.”

Antonio Costa, president of the EU Council, had little signs on Wednesday, vowing Trump to counterattack in EU’s countermeasures.

“We’ve been abused for a long time and will no longer be abused,” he said.

There was also concern about escalation in Austria.

Christoph Neumayer, head of the Austrian Industrial Federation, said, “The United States is the second most important export market for Austrian products since Germany and is the most important in Germany.” “It is essential for Europe to act together and act crucialally.

An EU official pointed out that products such as soybeans and orange juice can be easily supplied in Brazil or Argentina, so consumers will not be too difficult.

And some of the US exports were also from the United States under the control of Republicans.

A relatively US export enters the EU through Rotterdam Port or Antwerp in Belgium.

DIRK BELJAARTS Dutch Economic Minister said that no one received the benefits of “tariff war”, but hoped that it would not be too difficult for his national economy.

One of the particularly fierce areas on both sides of the Atlantic is in the beverage sector.

The Pauline Bastidon of Spirits Europe stood, saying that the EU and the European companies that produced US companies in Europe and European companies were in danger.

Chris Swonger of the US distilled Spirits Council said for three years after the EU’s initial 25 percent tariff on the US whiskey was suspended, “the US distillation worked hard to regain a solid foothold in our biggest export market.”

Repaying tariffs from April 1 is “deeply disappointing” He demanded a return to the tariff “Zero-Loro”.

This is a big problem for the Cognac producers in France because most agricultural products are exported to the United States or China.

French producers have already matched China’s actions. The tax on cognac collapsed.

“The fraud is on the dump,” said General Winegrowers’ Union’s Bastien Brusaferro told French information.

He is in jeopardy of thousands of jobs only in Charrente. “Cognac is a product for export.”

There was also a serious warning from the head of the European Steel Association.

“Trump’s first American policy is threatening the final nail in the coffin of the European steel industry,” he warned.

Trump’s initial tariff on European steel in 2018 has fallen more than a million tons of EU steel exports to the United States, and two -thirds of the three tons of steel that has entered the United States.

“Trump’s new actions are more extensive, so the impact of the US tariff can be much greater.”