EU’s retaliatory tariffs on US products come into effect
(Worthy News) – The EU has officially imposed tariffs on US jeans, motorbikes, bourbon and other items in response to a similar move from the US. The measures have some experts worried the world could be heading toward a trade war.
European Commission President Jean-Claude Juncker said on Thursday the US tariff decision “goes against all logic and history.” “Our response must be clear but measured. We will do what we have to do to rebalance and safeguard.”
European Commission Vice President for Trade Jyrki Katainen said: “If we chose products like Harley Davidson, peanut butter and bourbon, it’s because there are alternatives on the market. We don’t want to do anything that would harm consumers. What’s more, these products will have a strong symbolic political impact.” [ Source: Deutsche Welle (Read More…) ]
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