“The EU’s reaction to US duties should be commensurate,” said European Commissioner for Industrial Strategy Stephanie Cézourne, while hoping to remove Berbon from the list of US imported products that may impose additional duties. According to Reuters, the European Commission will today propose to countries a member of US products that could impose additional duties in response to US President Donald Trump’s move to tax steel and aluminum imports in the US. The US has imposed a 25% duty on steel, aluminum and car imports from the EU, and will impose 20% “reciprocal” duties on Wednesday. The product that is at the center of attention is Bourbon. The Commission proposes to impose a 50% duty on its imports, which prompted Trump to threaten the EU by imposing 200% duties on all imports of alcoholic beverages […]
Source: News Beast
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