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Trump-induced "Trade-war": EU weighs tariffs on U.S. bourbon, blue jeans, Harley-Davidson

  

Category:  News & Politics

Via:  krishna  •  8 years ago  •  3 comments

Trump-induced "Trade-war": EU weighs tariffs on U.S. bourbon, blue jeans, Harley-Davidson

EU weighs tariffs on bourbon, blue jeans, Harley-Davidson

The European Union is weighing potential tariffs on U.S. goods r anging from Levi's jeans to Harley-Davidson motorcycles, the president of the EU's legislative body said Friday.

The proposed tariffs come in response to   President Trump 's Thursday announcement that he will impose a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports next week.


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Krishna
Professor Guide
1  seeder  Krishna    8 years ago

"We will put tariffs on Harley-Davidson, on bourbon and on blue jeans — Levi's,” European Commission President Jean-Claude Juncker said on German television,   according to Reuters .

Trump's announcement has drawn condemnation across the globe, with several countries threatening retaliation if he imposes the duties.

"We would like a reasonable relationship to the United States, but we cannot simply put our head in the sand," Juncker said.

 
 
 
Krishna
Professor Guide
2  seeder  Krishna    8 years ago

Why did they specifically pick Harley's, Levis, and Bourbon?

(Sure , they're iconic American brands-- but it goes well beyond that. ... very clever move by the EU actually!)

 
 
 
Split Personality
Professor Participates
2.1  Split Personality  replied to  Krishna @2    8 years ago
  1.  targeting the states of two top ranking Republicans
  2.  While picking on HD (headquarters in Wisconsin ) might annoy Speaker Ryan, they are downsizing and consolidating Kansas plants to PA anyway - already reeling from poor sales globally.
  3.  Kentucky Bourbon is Mitch McConnell's state pride.
  4.  Not sure why they targeted Levi's - it's headquartered in San Francisco but hasn't manufactured much of anything in the USA since 2003.
 
 

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