EU calls for industry input on U.S. tariff retaliation list


BRUSSELS (Reuters) – The European Commission called for industry views on Friday on a list of U.S. products it will subject to import tariffs if the United States taxes European steel and aluminum. FILE PHOTO – A worker of German steel manufacturer Salzgitter AG stands in front of a furnace at a plant in Salzgitter, Germany, March 1, 2018. REUTERS/Fabian Bimmer The Commission asked “private stakeholders” affected by the U.S. tariffs and the EU’s possible response by March 26. European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, March 12, 2018. REUTERS/Yves HermanThe Commission plans to set duties of 25 percent on a range of U.S. products, from maize to motorbikes, whose annual imports to the European Union are worth some 2.8 billion euros ($3.45 billion). U.S. President Donald Trump signed an order last week that would subject incoming steel to a tariff of 25 percent and aluminum 10 percent, albeit with exemptions for Canada, Mexico and possibly other countries. The European Commission, which oversees trade policy for the 28-member European Union, is still unclear how it might secure an exemption. U.S. Commerce Secretary Wilbur Ross and EU Trade Commissioner Cecilia Malmstrom are due to discuss the issue at a meeting next week. ($1 = 0.8114 euros) Reporting by Philip Blenkinsop; Editing by Alissa de Carbonnel
Source: Reuters