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EU plans extra tariffs on ‘certain’ US whiskies
US whiskey is one of several American products that could be slapped with new EU tariffs after President Donald Trump promised hikes on steel imports.
Brussels trade commissioner, Cecilia Malmstrom, has reportedly confirmed that whiskey, peanut butter, cranberries and orange juice will all experience increased tariffs – though the whiskey tariffs will only be applied to “certain types”.
Malstrom said: “Certain types of bourbon are on the list, as are other items such as peanut butter, cranberries, orange juice. Very soon that list will be public, so you will be able to plan your whiskey drinking.”
Last week, President Trump announced plans to levy a 25% tariff on steel imports to the US and a 10% tariff on aluminium. He tweeted that, “trade wars are good and easy to win.”
Malmstrom continued: “A trade war has no winners and if it does not happen for the better, then we can work with our American friends and other allies on the core issue of this problem, overcapacity.
“But if it does happen we will have to take measures to protect European jobs.”
Canada and the EU are the leading exporters of steel to the US, the trade being worth in excess of US$450 million each.