And then it starts. After reviewing its schedule twice, the 27 Member States are finally expected to approve, on Wednesday, April 9, the first retaliation measures against tariff increases imposed by the United States of Donald Trump since March 12. They are responding to the resources of 25% determined by Washington on European imports of steel and aluminum, valued at 26 billion euros per year.
Community reprisals are aimed at a wide range of American products: poultry, orange juice, rice, tobacco, soybeans, aluminum and steel, luxury yachts, motorcycles, diamonds, makeup products and clothing, but they are still slightly.
Although the collection rate is also 25%, the basis of affected goods (22 billion euros per year) is, in fact, narrower. As they see to “minimize their economies’ account”, as reiterated by the president of the commission, Ursula von der Leyen, Europeans struggle to agree on a proportional response to the aggression they face. Fearing that the US president can execute his threats to tax European alcohol in “200%”, France, Italy and Ireland have ensured that Kentucky Bourbon is exempt from Brussels’s counteroffensive.
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