EU Plans to Hit US Imports with Duties from July

June 6, 2018

© beketoff / Adobe Stock
© beketoff / Adobe Stock

The European Union expects to hit U.S. imports with additional duties from July, ratcheting up a transatlantic trade conflict after Washington imposed its own tariffs on incoming EU steel and aluminium.

EU members have given broad support to a European Commission plan to set 25 percent duties on up to 2.8 billion euros ($3.3 billion) of U.S. exports in response to what is sees as illegal U.S. action. EU exports that are now subject to U.S. tariffs are worth 6.4 billion euros.

"The Commission expects to conclude the relevant procedure in coordination with member states before the end of June so that the new duties start applying in July," Commissioner Maros Sefcovic told a news conference on Wednesday after he and other commissioners endorsed the plan for duties on U.S. imports.

That plan also includes duties of between 10 and 50 percent on a further 3.6 billion euros of U.S. imports in March 2021 or potentially sooner if the World Trade Organization has ruled the U.S. measures illegal.

U.S. products on the list include orange juice, bourbon, jeans, motorcycles and a variety of steel products.

The European Union, Canada and Mexico have all responded after U.S. President Donald Trump last Friday ended their exemptions from tariffs of 25 percent for steel and 10 percent for aluminium.

Canada has announced it will impose retaliatory tariffs on C$16.6 billion ($12.9 billion) worth of U.S. exports from July 1. Mexico put tariffs on American products ranging from steel to pork and bourbon on Tuesday.

Some of the products chosen are designed to target states of senior Republicans who are seeking to retain control of both chambers of Congress in hotly contested November elections.

The European Commission launched a legal challenge against the U.S. tariffs at the World Trade Organization last Friday. It is also assessing the need for measures to prevent a surge of imports of steel and aluminium into Europe as non-EU exporters divert product initially bound for the United States.

European Trade Commissioner Cecilia Malmstrom said on Monday that preliminary "safeguard" measures for steel could come as early as July.


($1 = 0.8500 euros)

($1 = 1.2918 Canadian dollars) (Reporting by Philip Blenkinsop; editing by Robert-Jan Bartunek and Richard Balmforth)

Logistics News

Oil Supply to Outpace Demand in Medium-Term

Oil Supply to Outpace Demand in Medium-Term

Guinea Exports Record 48.6 Million Tons of Bauxite

Guinea Exports Record 48.6 Million Tons of Bauxite

ASRY Hosts First Innovation Forum with Lumofy

ASRY Hosts First Innovation Forum with Lumofy

Osbit Opens New Offshore Wind Facility in Port of Blyth

Osbit Opens New Offshore Wind Facility in Port of Blyth

Subscribe for Maritime Logistics Professional E‑News

Trump administration sues Los Angeles over immigration enforcement
Early heatwave causes wildfires to rage in Turkey and France
France and Spain agree to tax private jets and premium flyers