The EU approves its first retaliation against the US with 25% tariffs worth 26,000 million

White smoking in the EU. The twenty -seven have given the approval this Wednesday to the first round of tariffs against the United States, in response to the 25% customs rate that the White House leader, Donald Trump, has imposed on the imports of community and community aluminum. The block will impose 25% rates to a list of products including corn, footwear or furniture.

In a technical meeting that has taken place this noon, the member states have supported the proposal of the European Commission to tax US assets worth 26,000 million euros. It falls from the list of products affected by these levies the bourbon and dairy products. All after several governments asked for a step back after Trump’s threat to impose 200% tariffs on European wine and champagne.

This first round of tariffs will be executed in several phases. The first will enter into force in mid -April. The next includes tariffs between 10% and 25% that will be applied since May 16 and the last will take place in December and affects products such as soybeans and almonds.

As a whole, the community response will affect 1,600 US imports. Thus, the LEVI’S Cowgirls brand, Harley Davidson, furniture, corn, rice, footwear, dental thread, some metals or blinds will be taxed.

“The EU considers the US tariffs, which cause economic damages to both parties, as well as the world economy. The EU has expressed its clear preference for finding negotiated exits with the US, which are balanced and mutually beneficial,” said the European Commission in a statement.

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The EU approves its first retaliation against the US with 25% tariffs worth 26,000 million