Published: Fri, June 22, 2018
Money | By Michele Stevens

Take that, America. Europe's tariffs take effect

Take that, America. Europe's tariffs take effect

So even if the United States and China are having this battle, trade diversion means what may happen is that many of their market groups will be dumped on other markets to ensure that they don't overconsume or overproduce.

"The U.S. abuses tariffs to trigger trade wars everywhere around the globe and that will severely damage the world trade order, hurt the interests of trading partners, and also hurt its domestic companies and people", Ministry of Commerce spokesman Gao Feng said at a regular briefing in Beijing on Thursday.

The European Commission in Brussels gave final approval for a 25 per cent duty on 2.8 billion euros (US$3.2 billion) of EU imports of a range of USA products including Harley-Davidson Inc. motorcycles, Levi Strauss & Co. jeans and bourbon whiskey. Canada's retaliatory measures begin on July 1, and Mexico and other nations have also announced they will respond. The move is in response to the U-S tariffs imposed on E-U metal exports.

American tariffs on steel and aluminum have also hit Canada, Mexico, India, Turkey and India.

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The highly rated goalkeeper failed to get a call up in the Germany squad for this summer's World Cup in Russian Federation . The German goalkeeper has agreed to join the North London outfit , but the length of contract is unknown.

In a survey released Wednesday by the European Union Chamber of Commerce in China, almost half of European firms said it had become "more difficult" to do business in the past 12 months.

President Trump won't allow China to prey on US technology any longer, White House National Trade Council Director Peter Navarro told FOX Business on Wednesday. He argues the glut of steel and aluminium products entering the U.S. also pose a security threat.

White House National Trade Council Director Peter Navarro on the Trump administration's proposed Chinese investment restrictions.

Although American goods already in the United Kingdom will not increase in price overnight, shipments leaving the USA for Europe from Friday onwards will be charged the tariffs.

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As painful as the brewing trade war could prove, many have seen it coming. The countries have hit each other with tariffs on $50 billion worth of goods; Trump has threatened to add another $200 billion.

The commission formally adopted the new tariffs, allowing them to come into effect on June 22.

"The EU has a responsibility to stand up for open global trade".

Japan & Senegal sweeping all before them
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