March 29, 2024 17:23 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi to kickstart BJP's Lok Sabha poll campaign from Meerut | Kangana Ranaut in Mandi: 'Don't think I am a heroine, consider me as your sister and daughter' | Mayawati, Akhilesh Yadav demand high-level probe into Mukhtar Ansari's death | PM Modi has mastered art of manipulating democracy, hurting Constitution: Mallikarjun Kharge | Mafia-turned-politician Mukhtar Ansari dies of cardiac arrest at 63
EU introduces retaliatory tariffs on US goods

EU introduces retaliatory tariffs on US goods

India Blooms News Service | @indiablooms | 22 Jun 2018, 08:28 am

Brussels, Jun 22 (IBNS): The European Union has introduced retaliatory tariffs on goods from the United States of America, reports said on Friday.

The move will come into effect from today and will affect 2.8 billion Euro worth of US goods.

Tariffs have been levied on orange juice, bourbon whiskey and motorcycles.

The US has imposed tariffs of 25 percent and 10 percent on steel and aluminium imports respectively.

The US decision affected the EU and countries like Mexico, Canada and India.

India, which is one of the largest buyers of almonds from the US, has said that it will increase taxes on 29 products imported from America, including steel, iron and agricultural goods.

India's move will come into force from Aug 4.

While US President Donald Trump has vowed to not let anyone take advantage of his country, his statement has been met with scorn from other world leaders.

The US is presently engaged in a virtual trade war with China and risks the same with Canada, Mexico, India and the European Union.

 

Flags Image: Wallpaper

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.