The European Union plans to directly impose a 30% duties on US products worth about € 100 billion, if there is no agreement and if US President Donald Trump threatens to impose such tariffs on most European exported products after August 1, such as Bloom. As part of a first wave of countermeasures, the EU will bring up an already approved list of tariffs on US products worth 21 billion euros with a proposed list for additional products worth 72 billion euros, according to a European Commission spokesman. US exports, including industrial products such as Boeing aircraft, American -made cars and Burbon whiskey, will be subject to a 30% duty that has threatened Trump, according to sources with knowledge of the matter. The duties will be ready to enter into force next month only if there is no agreement and the US is implementing the duties after the August deadline, […]
Source: News Beast
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
