A number of media reported on Monday (April 7) that the European Commission proposed to member states on the same day to impose 25% tariffs on some US products in response to the US steel and aluminum tariffs.
The tariffs are expected to take effect on April 15, but most are not expected to be imposed until mid-May. Among them, tariffs on soybeans and a variety of nut products will be implemented from December 1.
Internal EU documents show that the tariffs on a wide range of goods also include diamonds, eggs, dental floss, sausages and poultry.
In addition, the European Commission dropped bourbon, wine and dairy products from the initial list to be considered in March. The EU had previously planned to impose a 50 percent tariff on bourbon whiskey, and US President Donald Trump threatened to impose a 200 percent countertariff on EU alcohol products if the EU implemented the relevant tariffs.
Eu member states will vote on a proposal to impose 25% tariffs on some US products on April 9. Under the EU's current system, blocking the proposal would require a clear opposition from a "qualified majority" of member states - at least 15 with a combined population of 65 per cent of the EU's population. Otherwise, the proposal will be adopted.
According to the latest analysis by industry experts at Cox Motors, it is expected that new and used car prices in the United States will significantly rise this year under President Donald Trump's 25% car tariffs.
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