EU offers Trump a “zero zero” tariff agreement and imposes tariffs on 25% of U.S. imports – Economic Times Video
The European Commission has proposed a “zero-zero” tariff agreement to avoid a trade war with U.S. President Donald Trump as EU ministers agree to prioritize negotiations while imposing a 25% tariff on some U.S. imports. Groups in 27 countries face 25% tariffs on imported steel and aluminum and cars, and starting on Wednesday (April 9) (April 9), almost all other goods have suffered high barriers to U.S. imports, according to Trump’s policy. On Monday evening (April 7), the commission proposed a tariff on Trump’s steel and aluminum, rather than a broader tax, with the first retaliatory tariffs on U.S. imports, which was 25%. But the list was shortened after EU executives succumbed to pressure from member states and removed bourbon, wine and dairy after Trump threatened 200% of the anti-election campaign for EU alcoholic beverages. France, Ireland and Italy are major exporters of wine and spirits, with special attention. The list still includes poultry, other meats, fruits, cereals, vegetable oils, beer, wood, carpets, clothes and glassware, as well as chewing gum, floss, other precious stones, lawn mowers, vacuum cleaners and toilet paper. The EU will approve the first retaliation measure this week. The group will start collecting tariffs on April 15 and start a second tariff in a month.
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