Source: International Business Times
The EU plans to hit US soybeans imports with tariffs, after officials said Europe could buy the stuff from Brazil AFP Hit by three waves of painful US tariffs since President Donald Trump returned to office, the European Union's response has been a high-wire act, balancing calibrated retaliation with a push for negotiations to avert an all-out trade war. - In March, Trump fired his first shot against the 27-country European Union with 25 percent levies on steel and aluminium imports;- He then slapped 25-percent tariffs on all foreign-made cars, in effect since last week;- And in his biggest move, Trump ordered 20 percent tariffs on all other EU goods among a raft of levies on dozens of countries including China, which came into force Wednesday. The EU's approach so far has been think first, then act.
