Source: New York Post
The European Union on Wednesday approved retaliatory tariffs on American goods after the Trump’s administration’s new taxes kicked in earlier in the day – escalating a trade war with Washington. The 27- member bloc’s new levies will hit more than $23 billion of US products like soybeans, motorcycles, meat, iron, steel, textiles, tobacco and even ice cream. The tariffs, which will be phased in over the coming weeks, come in response to the 25% duty on steel and aluminum duties imposed by the US last month.
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