EU slaps tariffs on US trucks, cigarettes and ice cream to target Trump’s red states
According to an internal document seen by POLITICO, the Commission is considering slapping tariffs of up to 25 per cent on a broad range of exports from the U.S. worth around €22.1 billion based on the EU’s 2024 imports.The list features run-of-the-mill agricultural and industrial commodities such as soybeans, meat, tobacco, iron, steel, and aluminium — to hit the American sectors that rely most on transatlantic exports.On Wednesday, EU countries will vote on the new duties, anticipating no significant opposition.A 25 per cent duty will then kick in from May 16 on a second batch of imported items such as steel, meat, white chocolate, and polyethylene. Finally, a 25 per cent duty on almonds and soybeans will take effect Dec. 1. (Leave it to the Commission to build some suspense.)According to POLITICO's analysis of 2024...
