The European Union has drawn up a list of U.S. imports including lighters and plastic fittings for furniture that it will hit with tariffs in retaliation for an extension of U.S. duties on incoming steel and aluminium.
FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, February 19, 2020. REUTERS/Yves Herman
These tariffs, from which Argentina, Australia, Brazil, Canada, Mexico and South Korea were exempted, came into effect on Feb. 8. The measures were designed to be proportionate and limited in scope, a Commission spokesperson said on Monday, adding the current crisis illustrated the importance of maintaining open trade and supply chains.
The European Union will need to inform the World Trade Organization of its plans. The measures would then come into effect on May 8, giving a month to allow a possible negotiated solution.
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