As she announced Ursula von der Leyen, “starting present (Wednesday – ed.) in the morning United Statesuse25 % duties on imports of steel and aluminium‘. We profoundly regret this measure. Customs are taxes. They are bad for business and even worse for consumers," she stressed.
According to the EC Chief, “European Union must act to defend consumers and business‘. – The remedies we are taking present are strong but proportionate. Since the United States applies duties of value 28 billion dollars, we respond to countermeasures of value EUR 26 billion - She assessed.
Retaliation duties on the United States. European Union "open to negotiations"
Von der Leyen stressed that The EU remains open to negotiations. – We firmly believe that in a planet full of geopolitical and economical uncertainty, the imposition of duties on our economies is not in the common interest. Work places are at stake – she noted.
SEE: Donald Trump threatens Europe with duties. EC announces a firm response
As she added, prices will go up both in Europe and the US. fresh taxes will besides be affected agricultural products, including, inter alia, poultry, beef, certain seafood, eggs is sugar. EU duties will enter into force 1 Apriland will be full implemented since April 13.
Donald Trump ordered duties on steel and aluminum imported
The 25% duties on steel and aluminium imported into the USA began to apply on Wednesday. As decided Donald Trump they concern imports from all countries without exception. US President's Trade Advisor Peter Navarro has assessed that common duties on these metals ‘put an end to abroad dumping and increase home production.’
Moreover, according to the White House, they will supply "security for American steel and aluminium industries as pillars of economy and national security".
SEE: Trump threatens with duties and proposes an annexation. ‘Artificial border’
Trump signed a memorandum on 25% duties on steel and aluminium imports in February, fueling concerns about the detonation Trade wars between the US and their most crucial suppliers. - It's a large deal. We make America rich again said, approving the document.
The U.S. leader's decision restored the duties on steel imported from all countries in 2018 and increased the rate on aluminium from 10 to 25 percent. In practice, tariffs will be the most affected Canada, Mexico, Brazil, EU, Japan, large Britain and South Korea., i.e. large exporters who have been completely or partially excluded from the duties announced 7 years ago.
