EU Backs Down from Raising Retaliatory Tariffs

EU Backs Down from Raising Retaliatory Tariffs

The European Union (EU) has announced that it will not increase its retaliatory tariffs for Section 232 tariffs—which adds a 25 percent tariff on steel and 10 percent on aluminum imports. Items on the EU retaliation list include whiskey, bourbon, orange juice, cigarettes, steel, motorcycles, yachts, and more. The retaliation was set to double the…

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