The European Union will impose additional tariffs worth 2,800 million euro on almost 200 products from the United States - such as orange juice, whiskey, tobacco, jeans, cranberries*, motorcycles or peanut butter - in response to the tariffs that President Donald Trump decided to impose on steel and aluminum imports from the EU block.
The European Commission has announced in a press release that the relevant regulation will be published in the Official Gazette of the EU this Thursday and that it will come into force on Friday. The EU will apply a 25% tariff to all the products included in the list.
This is Brussels' way of exercising its right to adopt measures equivalent to Washington's decision to impose additional tariffs on US imports worth 2,800 million euro. However, the USA imposed tariffs on European steel and aluminum imports worth 6,400 million euro.
In this regard, the EU will not be able to impose tariffs on new US products to compensate for the remaining impact (3,600 million euro) for the next three years or until the WTO declares that Trump's decision is contrary to its rules.
*Earlier this article read that there was an additional tariff on blueberries instead of cranberries. We apologize for this mistake and any confusion this has caused.
Source: eleconomista.es