The EU has hit back at US President Donald Trump's threats of tariffs on wine and cheese with a $20bn list of its own, imposing duties on handbags and tomato ketchup. “But let me be clear: we do not want a tit-for-tat. In the first round of retaliatory tariffs, which are due to take effect in July, the European Union will impose an average tariff rate of 12.7 percent for each product it targets, including wine, cheese, hand@@ Last month, the WTO ruled against the US, prompting Trump to publish a list of tariffs he claimed offset the $11bn-worth of damage Airbus subsidies had cost the US. A ruling in Washington's case against the French airplane manufacturer is expected in the summer.
The EU has hit back at US President Donald Trump's threats of tariffs on wine and cheese with a $20bn list of its own, imposing duties on handbags and tomato ketchup. In the first round of retaliatory tariffs, which are due to take effect in July, the European Union will impose an average tariff rate of 12.7 percent for each product it targets, including wine, cheese, hand@@ Last month, the WTO ruled against the US, prompting Trump to publish a list of tariffs he claimed offset the $11bn-worth of damage Airbus subsidies had cost the US. A ruling in Washington's case against the French airplane manufacturer is expected in the summer.