Cost of some USA goods to rise by 25% on Friday

Report Germany’s Automakers Throw Up White Flag on Trade Offer to Scrap 10% Tariff			Jesco Denzel  German Federal Government via AP		20 Jun 2018

Report Germany’s Automakers Throw Up White Flag on Trade Offer to Scrap 10% Tariff Jesco Denzel German Federal Government via AP 20 Jun 2018

The European Commission on Wednesday gave permission for a 25% duty on USA imports covering a range of products, including Harley-Davidson motorcycles, Levi Strauss jeans, US -made playing cards, and bourbon whiskey, reports Bloomberg.

The items targeted also include steel products and agricultural produce such as orange juice and rice.

She said that the response is proportionate and in line with World Trade Organization (WTO) rules and that if the US drops the metals tariffs the European Union will follow suit.

The tariffs are in response to US President Donald Trump's tariff hikes on imports from the EU, Canada and Mexico.

American exports including jeans, motorbikes and bourbon whiskey will be slapped with new levies on Friday, EU trade commissioner Cecilia Malmstrom said.

Trump has said that the tariffs are needed to protect the nation's national security.

On March 1, President Donald Trump announced that the United States would be imposing a 25 percent global tariff on all steel imports to the USA and a 10 percent global tariff on all aluminum imports.

However, President Donald Trump has now asked officials to identify a further $200bn of Chinese goods to be subject to a 10% tariff.

He said a global solution is need to stop China from shipping its steel through other countries to get around tariffs that the United States has already put into place.

The EU is reserving the right to target more USA products with further duties no later than March 23, 2021.

Canada will impose retaliatory tariffs on $12.5 billion worth of USA exports starting July 1.

If the plan were accepted, it would mean scrapping the EU's 10 percent tax on vehicle and auto imports from the USA and other nations and the US dropping the 2.5 percent duty it puts on similar imports from the EU.

Notícias recomendadas

  • Israeli Jets Strike Gaza Targets After Rockets Fired Overnight

    Israeli Jets Strike Gaza Targets After Rockets Fired Overnight

    At least 127 Palestinians have been killed by Israeli troops during mass demonstrations along the Gaza border since March 30. Israel's deadly tactics in confronting the weekly Friday protests have drawn worldwide condemnation.
    Messi deserves no blame - Argentina boss Sampaoli

    Messi deserves no blame - Argentina boss Sampaoli

    Yes, we have lost three finals in recent years, but we reached three finals and that was a good achievement. It also means that Thursday's match against Croatia is momentous.
    Eva Longoria gives birth to first child, a son

    Eva Longoria gives birth to first child, a son

    On New Year's Day, the former Telenovela star shared a sweet photo of herself cradling her tiny baby bump via Instagram . The newborn's name is Santiago Enrique Bastón and he weighed in at 6 lbs 13 oz, according to Mirror .
  • Drug-smuggling ex-Israeli minister charged with spying for Iran

    Drug-smuggling ex-Israeli minister charged with spying for Iran

    But Segev's lawyers, Eli Zohar and Moshe Mazor, said some of the allegations in the Shin Bet statement were overblown. In 2012, a connection was established between Segev and officials from the Iranian embassy in Nigeria.
    Paul McCartney announces new album Egypt Station

    Paul McCartney announces new album Egypt Station

    According to a press release , other song titles on Egypt Station include "Happy With You", "People Want Peace", and "Despite Repeated Warnings".
    Salah's World Cup bid ends with a whimper

    Salah's World Cup bid ends with a whimper

    Egypt's final Group A game is against Saudi Arabia on Monday, which could also prove to be Cuper's last match as coach. With the "Fubo Premier" bundle, you will get access to all four of the World Cup soccer TV channels in most markets.
  • Amazon, Buffett, JPMorgan pick Gawande to lead health firm

    Amazon, Buffett, JPMorgan pick Gawande to lead health firm

    That's almost half the total US population and the biggest slice of the country's patchwork health insurance market. Gawande's best-selling books, like his most recent one, " Being Mortal ", have boosted his worldwide profile.
    Kilauea volcano continues spewing lava from active fissure in Hawaii

    Kilauea volcano continues spewing lava from active fissure in Hawaii

    The massive flow of lava traveling through established channels all the way to the ocean, some 8 miles away. Along with toxic gas, ash, volcanic glass and lava, Kilauea has also begun spewing gemstones.
    Mexico's World Cup Goal Sparks Seismic Activity

    Mexico's World Cup Goal Sparks Seismic Activity

    Meanwhile, the Mexican fans were cheering wildly between plates of nachos and chili spiced drinks at the El Rincon Mexicano on St. So, for me, it is more about readiness to play this tournament at 100 per cent and not about personnel and changing players.
  • Trump’s executive order on family separations: 3 things it doesn’t do

    Trump’s executive order on family separations: 3 things it doesn’t do

    Essentially, this means that after the 20-day mark, children may still be separated from their parents . On Wednesday, he claimed the Democrats "won't give us the votes to pass good immigration legislation ".
    Spain beat Iran 1-0 to move closer to knockout stage

    Spain beat Iran 1-0 to move closer to knockout stage

    Spain managed to walk away with three points against Iran , but the FC crew explain how Iran managed to disrupt La Roja . After an exhilarating first six days, the seventh day of the World Cup will see some of the biggest players in action.
    Order of the Garter ceremony at Windsor Castle

    Order of the Garter ceremony at Windsor Castle

    Other members include former prime minister Sir John Major and Admiral Lord Boyce, a former head of the UK's armed forces. Dating back to 1348, the Order of the Garter is the most senior and historic British Order of Chivalry.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.