The EU may impose tariffs on American cars, Boeing aircraft and bourbon, reports Bloomberg, citing a 206-page document prepared by the European Commission (EC).
The Commission has presented EU countries with a list of US goods worth 72 billion euros for trade duties in response to the US decision to impose 30% tariffs on all EU exports from August 1. This is the second list of goods on which the EU may impose tariffs. The first package of 21 billion euros was approved by the EC in the spring in response to the US introduction of 10% tariffs on EU steel and aluminium. However, the European Union has postponed their introduction for now, hoping to reach an agreement with the United States to eliminate all tariffs, while American tariffs on steel and aluminum from the EU remain in force.
According to Bloomberg, the list of additional tariffs includes machinery products, chemicals, plastics, medical devices, electrical equipment, wine and other agricultural products. The initial version of the list included duties in the amount of EUR 95 billion, but after consultations with companies and EU member states, they were reduced. “One of the criteria for selecting goods was the availability of an alternative offer, and excessive movement costs were also taken into account. Imported military products will not be subject to duties“, the agency writes.