Backlash on tariffs
The EU, Canada and Mexico have announced retaliatory tariffs in response to the 10% import tariff recently put in place by the White House.
In particular, the EU will impose tariffs on US imports ranging from Harley-Davidson motorbikes to jeans from next month in retaliation over Donald Trump’s decision to put duties on European aluminium and steel.
The EU has also taken a complaint to the WTO. Should the case still be ongoing after three years, the EU plans to impose further tariffs of €3.6bn on US products.