EU COMMISSION MAY LIKELY IMPLEMENT EXTRA TARIFFS ON US PRODUCTS




Mustafa AY – TDO – 26.07.2018 Cecilia Malmström, who’s undertaken responsibility of EU Commission’s Trade Affairs, highlighted the fact that they will reciprocate USA with extra tariffs if Washinton levies extra tariffs on vehicles imported from EU. To eloborate to what extent EU would enforce tariffs, High Commissioner Malmström said that EU Commission would likely implement tariffs over US-made commodities worth 20 billions dollars.

At the very moment, EU Commission is preparing a retaliatory law against Capitol Hill’s prospective intoduction of new tariffs over EU-made cars, underlied Malmström. In addition to that, High Commissioner Malmström shared that if EU Commission levies new tariffs, it will not encompass all US states, but some of them. The scope of prospective tariffs against Washington by EU Commission merely encompasses agricultural, high-tech and machinery products in case of USA’s decision on expanding trade war with EU.