Officials from the European Union are warning that the world’s biggest trading block is ready to strike back against the U.S., over the White House’s proposed tariffs on steel and aluminum.
President Trump declared last week that the U.S. would levy penalties of 25 percent on imported steel and 10 percent of aluminum imports.
Reports indicate that the EU’s counter-measures in response could include tariffs on U.S. steel and agricultural products, including cranberries, orange juice, peanut butter and bourbon. Iconic brands like Harvey Davidson motorcycles and Levi’s jeans could also be hit with retaliatory measures, according to sources.
Darci Vetter is a former Chief Agricultural Negotiator for the U.S. Trade Representative. She was a guest on “Adams on Agriculture, from the American Ag Network” on Wednesday morning.
The tariff announcement has sparked a rift between the White House and GOP leaders. A number of Republicans have said they are considering what sort of legislative options may be open to Congress if the President refuses to soften his stance.
Mr. Trump said on Monday afternoon, “we’re not backing down.”