Personal Finance Experts

Trumps Europe trade war escalates with threat of $3.1bn of tariffs – The Times

President Trump has revived his trade war with Europe with a threat to impose crippling tariffs on $3.1 billion of goods, including British beer, gin and biscuits.

Spanish olives, French cakes and German trucks are also at risk of duties of up to 100 per cent as part of a package of levies that cover $7.5 billion of European imports.

Mr Trump’s most notable trade war is with China but he is also fighting America’s allies. One of his earliest actions as president was to slap tariffs on imports of steel and aluminium from the European Union and he has long threatened to impose crippling levies on imports of vehicles from the bloc.

The updated list of proposed duties, published on Tuesday night, form part

Leave a Reply

Your email address will not be published. Required fields are marked *