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EU submits list of planned retaliatory tariffs on U.S. goods to WTO

Staff Writer |
The EU has formally drawn up a list of US products that could be slapped with punitive import duties in retaliation against U.S. aluminium and steel tariffs.

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The list was submitted to the World Trade Organization, which published it on Friday.

The retaliatory tariffs would generate EUR1.6 billion a year, the EU said in the document - the equivalent of the US aluminium and steel tariffs.

The list covers agricultural products including corn, rice, peanut butter and orange juice. Whiskey, tobacco and denim trousers would also be subject to extra tariffs.

In addition, the list includes various steel products as well as motorcycles and boats.

Most of the listed products would be subject to a 25% tariff.

The U.S. tariffs on foreign steel and aluminium have been in place since March 23.

Washington has granted an exemption for the EU that has been extended to June 1, but US President Trump has said that the reprieve would not be permanent.

The EU has offered trade concessions to Washington if the metals tariffs were permanently lifted.

The retaliatory EU tariffs could come into force once the US ends the exemption.

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