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EU finalises list of additional counter-tariffs on US$84 billion of US imports
Trump recently announced that he is imposing 30 per cent tariffs on imports from the European bloc as of August 1
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The European Union has finalised a second list of countermeasures to target US goods worth €72 billion (US$84 billion), including Boeing aircraft, automobiles and bourbon, if it decides to retaliate as transatlantic trade tensions intensify.
The additional duties would also be slapped on machinery products, chemicals and plastics, medical devices, electrical equipment, wines and other agricultural goods, according to a 206-page list prepared by the European Commission.
The list, initially hitting American goods totalling €95 billion, was cut down after consultations with companies and member states. Countries must give their approval before the list’s adoption.
The suite of measures represents the EU’s response to President Donald Trump’s earlier so-called reciprocal tariff of 20 per cent hitting most goods and the additional levies on cars and car parts of 25 per cent. The universal rate was later temporarily lowered to 10 per cent to allow negotiations to take place.
European Commission representatives did not immediately respond to a request for comment early Tuesday morning.
The list, which was reported earlier by Politico, does not include a tariff rate for the goods.
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