Juncker draws up hitlist of US brands as trade storm brews

Harley-Davidson and Levi’s in firing line


Jean-Claude Juncker responded to President Trump’s threats over import levies, saying “we can also do stupid”AXEL HEIMKEN/AFP/GETTY

Europe and the United States are on the brink of a trade war as Brussels begins drawing up up a €2.8 billion hit list of American products for retaliatory tariffs.

The EU is ready to strike at American brands such as Harley-Davidson and Levi’s in response to President Trump’s threatened levies of up to 25 per cent on steel and aluminium imports, heralding huge new export costs for European industry.

“First of all we need to see the final decision, which should be by the end of the week,” Cecilia Malmström, the EU commissioner for trade, said. “We are looking at possibilities to retaliate, meaning that we will also put taxes or tariffs on US imports to the EU.”

Threatening an all-out transatlantic trade war,…

Want to read more?

Register with a few details to continue reading this article.

Let’s block ads! (Why?)

Source link

About Craig Ballantyne 17939 Articles
I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.