(32.72) The decision to impose EU counter tariffs on US products is effective
The European Union has imposed counter tariffs on US products as a vengeance against the United States. This decision was taken as a reaction to the imposition of duty on US President Donald Trump on European Union Steel and Aluminum at the beginning of June. The decision to impose import duty on US $ 280 million euro will be effective from Friday (June 22), the European Union said. These are known from British media's BBC report.
European Union imposes EU duty on products
In March last year, the administration of US President Donald Trump announced the imposition of 25 percent and 10 percent tax on steel and aluminum import. At that time Trump had claimed that he made that decision "for the sake of national security." The decision to impose the tariff is effective on 1 June. This has an impact on the trade of European Union, Canada, Mexico and other close allies of the United States.
The decision to impose counter tariffs on revenge for taxation of the United States was taken. Customs will be imposed on products like bourbon whiskey, motorcycle and orange juice. European Union President J.C. Claude Junker on Thursday (June 21st) said that the decision to impose US tax on European Union products has been suppressed by "all means and historical traditions". In a speech to the Irish Parliament in Dublin, he said, "We will do whatever we can to ensure the balance and protection of the European Union."
Note that the world's largest steel or steel importer is the United States. In 2010, the country imported around three and a half million tonnes of steel. But in a post on Twitter earlier this year, Trump said plans to levy 25 percent of steel imports in the United States and 10 percent tax on aluminum imports. Only then did the United States ally of its critics criticize it. Japan called for the trump to keep the head cool, with the alleged trade war. Talking to reporters, Japanese Commerce Minister Hiroshi Shekho said, "We call upon the President to treat the 'cold-headed' behavior. At the time, European commissioner J. Claude Junker said, "If we are affected by an unfair system, we will not be silent. Thousands of European jobs would be at risk. We will impose duty on Harley-Davieson, Levi's Bourbon and Blue Jeans. '