EU agrees partial truce with U.S. over Trump tariffs
By Philip Blenkinsop
Reuters
BRUSSELS (Reuters) - The European Union has agreed to a partial truce with the United States in a dispute over metal tariffs imposed by former president Donald Trump and to start discussions on global overcapacity and China s trade-distorting policies.
The European Commission, which oversees EU trade policy, said on Monday it would suspend a planned hike of retaliatory tariffs for up to six months. These would have added U.S. products from lipstick to sports shoes and doubled to 50% duties on U.S. bourbon whiskey, motorbikes and motor boats on June 1.
EU was to have increased retaliatory tariffs on June 1 U.S. metals tariffs in place, along with initial EU retaliation Discussion on global overcapacity, with focus on China Biden to visit Brussels on June 14 (Add EU official, Harley, U.S.
The European Union has agreed to a partial truce with the United States in a dispute over metal tariffs imposed by former president Donald Trump and to start discussions on global overcapacity and China's "trade-distorting" policies.
U.S.-EU metals talks avert tariff hike on American motorcycles, whiskey
By Philip Blenkinsop
Reuters
BRUSSELS (Reuters) -The United States and the European Union agreed on Monday not to escalate their dispute over U.S. steel and aluminium tariffs, averting steep EU tariff hikes while the two sides launch formal talks on addressing excess global capacity largely centered in China.
The European Commission, which oversees EU trade policy, said on Monday it would suspend for up to six months a threatened June 1 doubling of retaliatory tariffs on Harley-Davidson motorcycles, American whiskey and motorboats, and refrain from slapping tariffs on more U.S. products from lipstick to sports shoes.
Reuters: ЕС се съгласи на частично примирие със САЩ по въпроса за митата върху алуминия и стоманата, въведени от Тръмп focus-news.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from focus-news.net Daily Mail and Mail on Sunday newspapers.