Europe could hit US peanut butter and cranberries with tariffs

The European Union has given details of more American products it could hit with tariffs in retaliation for President...

Posted: Mar 7, 2018 9:41 AM
Updated: Mar 7, 2018 9:41 AM

The European Union has given details of more American products it could hit with tariffs in retaliation for President Donald Trump's plan to tax imports of steel and aluminum.

European Trade Commissioner Cecilia Malmstr-m said the bloc is considering new tariffs on products including orange juice, bourbon, denim, cranberries, peanut butter and motorcycles.

The trade official said the full list of targets, which will also include American steel, and more industrial and agricultural products, would soon be made public.

Malmstr-m described the Trump administration's plan to impose tariffs of 25% on foreign steel and 10% on imported aluminum as "deeply unjust" and a threat to European workers.

If Trump moves forward with the tariffs, Malmstr-m said the EU would challenge them at the World Trade Organization (WTO).

The US has sought to justify its plan on national security grounds. Malmstr-m said the EU has serious doubts about that rationale, describing the metal tariffs as "an economic safeguard measure in disguise."

Malmstr-m said that any response from Europe would be "proportionate" and comply with WTO rules. She said new tariffs could be implemented in a matter of months.

With tensions running high between the US and EU, analysts have warned that the spat could devolve into a tit-for-tat trade war that would cause prices to rise and damage economic growth.

Trump threatened over the weekend to respond to any new EU trade barriers with a tax on vehicles made by European carmakers.

Donald Tusk, president of the European Council, responded Wednesday by saying that Trump was wrong about trade wars being easy to win.

"The truth is trade wars are bad and easy to lose," said Tusk, who added that the EU's goal was to "keep world trade alive."

The 28 nations in the EU produce 10% of the world's steel. EU trade officials are worried that jobs would be at risk if steel that would have otherwise been sold in the US is diverted to Europe, pushing down prices.

The US is the world's top steel importer. The value of steel shipped into the US was just over $29 billion in 2017.

China, which produces roughly half of the world's steel, has in the past been accused of dumping the metal on other markets, pushing down prices, forcing rivals out of business and killing thousands of jobs.

Indiana Coronavirus Cases

(Widget updates once daily at 8 p.m. ET)

Confirmed Cases: 36578

Reported Deaths: 2258
CountyConfirmedDeaths
Marion10188604
Lake3876207
Allen181071
Cass15919
Elkhart158528
St. Joseph135838
Hendricks120478
Hamilton119194
Johnson1125113
Madison60061
Porter56233
Clark53942
Bartholomew53139
LaPorte44824
Howard44236
Tippecanoe4344
Jackson4012
Delaware39741
Shelby39722
Hancock35427
Boone32436
Floyd31941
Vanderburgh2913
Morgan28626
Noble27821
Montgomery24917
Clinton2471
White2399
Decatur23132
Grant22923
Dubois2113
Kosciusko2052
Harrison19622
Marshall1872
Henry18512
Vigo1828
Greene17226
Dearborn17122
Monroe17113
Lawrence17124
Warrick16729
Miami1461
Putnam1427
Jennings1324
Orange13122
LaGrange1282
Scott1263
Franklin1168
Ripley1086
Daviess10416
Carroll952
Wayne906
Steuben902
Wabash812
Newton8010
Fayette797
Jasper741
Jay580
Clay533
Randolph523
Rush513
Fulton511
Washington501
Pulaski500
Jefferson491
Whitley453
DeKalb451
Starke423
Perry390
Huntington382
Sullivan371
Wells350
Owen341
Brown331
Benton320
Knox310
Blackford272
Tipton261
Crawford250
Adams231
Switzerland220
Spencer221
Fountain222
Gibson202
Parke180
Posey160
Martin140
Warren131
Ohio130
Vermillion100
Union100
Pike60
Unassigned0180

Illinois Coronavirus Cases

(Widget updates once daily at 7 p.m. CT)

Confirmed Cases: 125915

Reported Deaths: 5795
CountyConfirmedDeaths
Cook813443880
Lake8647334
DuPage7997394
Kane6672205
Will5799285
Winnebago246566
McHenry167779
St. Clair126292
Kankakee98954
Kendall83919
Rock Island70325
Champaign6777
Madison62465
Boone49817
DeKalb4508
Sangamon36029
Peoria30111
Jackson30010
Randolph2734
McLean22613
Ogle2253
Stephenson2115
Macon20020
Clinton19017
Union17114
LaSalle16016
Whiteside14913
Coles13817
Iroquois1355
Warren1220
Out of IL1161
Grundy1112
Knox1020
Jefferson10116
Monroe10012
McDonough9113
Unassigned900
Lee821
Tazewell815
Cass760
Williamson753
Henry700
Pulaski580
Marion520
Jasper467
Macoupin462
Adams441
Morgan421
Perry420
Vermilion421
Montgomery411
Livingston362
Christian354
Jo Daviess321
Douglas280
Jersey241
Menard220
Bureau211
Fayette213
Ford211
Woodford212
Washington190
Mason180
Mercer180
Carroll172
Hancock171
Shelby161
Alexander140
Schuyler130
Bond121
Franklin120
Fulton120
Moultrie120
Clark110
Crawford110
Johnson110
Logan110
Piatt110
Brown100
Cumberland100
Wayne91
Effingham81
Henderson80
Massac70
Saline70
Greene60
Wabash60
Marshall50
De Witt40
Lawrence40
Richland40
Stark30
Clay20
Edwards20
Gallatin20
Hamilton20
White20
Calhoun10
Edgar10
Hardin10
Pike10
Pope10
Putnam10
Terre Haute
Clear
60° wxIcon
Hi: 88° Lo: 64°
Feels Like: 60°
Robinson
Clear
61° wxIcon
Hi: 87° Lo: 62°
Feels Like: 61°
Indianapolis
Few Clouds
61° wxIcon
Hi: 85° Lo: 62°
Feels Like: 61°
Rockville
Clear
57° wxIcon
Hi: 86° Lo: 63°
Feels Like: 57°
Casey
Clear
62° wxIcon
Hi: 87° Lo: 64°
Feels Like: 62°
Brazil
Clear
60° wxIcon
Hi: 86° Lo: 62°
Feels Like: 60°
Marshall
Clear
60° wxIcon
Hi: 87° Lo: 63°
Feels Like: 60°
Mostly sunny and hot
WTHI Planner
WTHI Temps
WTHI Radar

Latest Video

Image

Art honors Hoosier pilot

Image

Protesters gather for change

Image

Free Fishing Weekend

Image

First outdoor market of summer in Terre Haute

Image

Individual diploma presentations

Image

Protesters demand justice for George Floyd

Image

1 injured in ATV accident

Image

Saturday Morning Forecast Update

Image

Umpires

Image

The Salvation Army and the historic origins of National Donut Day

WTHI Events