Home Business Europe, Canada Hit Back at U.S. Steel Tariffs (Video)

Europe, Canada Hit Back at U.S. Steel Tariffs (Video)

Workers perform quality control checks on bottles of bourbon whiskey at the James B. Beam distillery in Clermont, Ky. (PHOTO: LUKE SHARRETT/BLOOMBERG NEWS)

By Kim Mackrae

BRUSSELS—The European Union and Canada announced retaliatory tariffs against the U.S. on Wednesday, further escalating a global trade war after the U.S. imposed levies on global steel and aluminum imports.

Canada said it would put 25% tariffs on an additional $20.6 billion in U.S. imported goods including steel and aluminum products and other American goods such as computers and sports equipment. The Canadian tariffs are set to take effect Thursday.

Faith Based Events

The EU said it plans 50% tariffs on imports of American whiskey, motorcycles and motorboats starting April 1, hitting some of America’s best known products including Kentucky bourbon and Harley-Davidson motorcycles. Other goods facing new or raised import duties at the beginning of the month include cranthe berries, garden umbrellas, tablecloths and handkerchiefs, the bloc said.

A second set of EU levies is due to take effect in mid-April. An initial list of goods ranges from American chewing gum to poultry, beef, white chocolate, soybeans, carpets and watermelons. The bloc said it would consult with member states and stakeholders before completing that list.

The bloc’s tariffs will also target U.S. steel and aluminum products.

Canada and the EU announced the retaliatory tariffs Wednesday in response to U.S. steel and aluminum levies that took effect overnight.

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