EU sets July timeframe for US tariff reprisals


(Worthy News) – The EU says it expects to retaliate next month after the US imposed tariffs on the bloc’s steel and aluminium products, sparking fears of a global trade war.

There was shock when the world’s largest economy confirmed it was imposing the duties on the EU, Canada and Mexico from 1 June, as part of President Donald Trump’s protectionist agenda aimed at saving US jobs.

The EU issued an update on its response on Wednesday, 24 hours after Mexico confirmed it had launched tit-for-tat tariffs on US steel and was also targeting US goods such as pork and bourbon products. [ Source: Sky News (Read More…) ]

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