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I expect counter tariffs from Trump and the EU to reciprocate etc America is now fighting tariffs on several fronts, i've said it before and i will say it again no one wins in trade wars it causes resentment and ill feelings on both sides it could end up damaging NATO which is already facing trouble in regards to Turkey
Code:
https://uk.reuters.com/article/uk-usa-trade-eu/eu-to-impose-duties-on-u-s-imports-friday-after-trump-tariffs-idUKKBN1JG1IA
BRUSSELS (Reuters) - The European Union will begin charging import duties of 25 percent on a range of U.S. products on Friday, in response to U.S tariffs imposed on EU steel and aluminium early this month, the European Commission said on Wednesday.
The move confirms a tit-for-tat dispute that could escalate into a full trade war, particularly if U.S. President Donald Trump carries out his threat to penalise European cars.
The Commission formally adopted a law putting in place the duties on 2.8 billion euros ($3.2 billion) worth of U.S. goods, including steel and aluminium products, farm produce such as sweetcorn and peanuts, bourbon, jeans and motor-bikes.
“We do not want to be in this position,” EU Trade Commissioner Cecilia Malmstrom said in a statement, adding that the “unilateral and unjustified” U.S. decision had left the EU with no choice.
She called the EU response proportionate and in line with World Trade Organization rules and said that they would be removed if Washington removed its metal tariffs. EU steel and aluminium exports now facing U.S. tariffs are worth a total of 6.4 billion euros.
Donald Trump hit the EU, Canada and Mexico with tariffs of 25 percent on steel and 10 percent on aluminium at the start of June, ending exemptions that had been in place since March.