The European Union has postponed its decision to impose tariffs on U.S. exports leading into mid-April, allowing additional time to reassess their strategy and determine what goods will be impacted.
Earlier this year, the European Commission agreed to reinstate tariffs from 2018 that would impact up to 4.5 billion euros (roughly $4.9 billion dollars) worth of American merchandise, with plans to expand this to 18 billion euros by April 13. (RELATED: Eurocrats Launch Retaliatory Tariffs On Billions Worth Of US Goods)
The EU’s decision to enact the tariffs against the United States served as retaliation against President Donald Trump after he imposed a 25% tariff on steel and aluminum imports from all U.S. trading partners. The initial set of tariffs the EU had planned to impose included a 50% tariff on American bourbon.
BREAKING: The EU just announced retaliatory tariffs…
