- The European Union plans to retaliate to President Trump's new steel and aluminum tariffs.
- The EU's focus will be on classic American products, like jeans, bourbon, and motorcycles.
- The new measures are also meant as a political message to US congressional leaders.
ADVERTISEMENT
Europe is retaliating against Trump's tariffs by targeting classic American products like blue jeans and bourbon
The European Union is targeting classic American products like bourbon, blue jeans, and motorcycles to strike back after President Trump's new tariffs.
ADVERTISEMENT
Recommended articles
The European Union plans to respond to President Donald Trump's steel and aluminum tariffs by slapping counter measures on quintessentially American products.
The European Commission, the executive arm of the EU, has compiled a list of goods on which to impose retaliatory tariffs, including American motorcycles and bourbon. The 25% tariff would be imposed on goods with a total value of $3.5 billion.
The planned moves come in response to Trump's announcement that the US will impose a 25% tariff, or tax on imports, on steel and a 10% tariff on aluminum. Soon after Trump's decision Thursday, other nations, including the EU, Canada, and Mexico, promised to respond.
ADVERTISEMENT
The EU's tariffs will target three main types of US products: consumer goods (jeans, shirts, cosmetics, boats, motorcycles), agricultural products (corn, bourbon, orange juice), and industrial products (steel).
The measures appear to have a veiled message aimed at congressional leaders like House Speaker Paul Ryan, whose district is home to Harley Davidson, and Senate Majority Leader Mitch McConnell, whose home state of Kentucky is a major producer of bourbon.
These Republican leaders, particularly Ryan, are already attempting to convince Trump to reverse course on the tariffs. According to a GOP source, Congress may even take action to curtail the impact of Trump's measures.
Following threats of retaliation from EU leaders, Trump said suggested on Twitter Saturday that counter measures to the counter measures could be on the way.
"
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
The Nigerian Naira goes from the worst-performing currency in the world to the best
Nigeria LNG Limited (NLNG) faces arbitration hurdles as Shell tables claims against Venture Global LNG over unsuppplied cargoes
African cities with the best quality of life index in Q1 2024
African countries with the most honorees in the 2024 Forbes Africa’s 30 under 30 list
Nigeria’s inflation hits 33.20% in March 2024- NBS
7 out of 10 Ugandans are living above their means
Amnesty International leads push to halt Shell asset sale in Nigeria
Nigeria's piles on N47 trillion to its debt stock in a year
