Europe’s response to the United States’ decision on steel and aluminum

The unilateral decision taken by the United States to apply from June 1 customs duties of 25% on steel and 10% on aluminum from the EU (but this is also valid for Canada and Mexico) aroused strong reactions in Europe. European Commission President Jean-Claude Juncker said yesterday that countermeasures would be announced very soon. In a very short joint press release, the Minister for Europe and Foreign Affairs, Jean-Yves Le Drian, the Minister for the Economy Bruno Le Maire and his German counterpart Peter Altmaier indicated that they shared the Commission’s reaction European Union, and that they will jointly take “all appropriate measures to respond to American decisions”. The objective would apparently be to raise European customs duties on a certain number of categories of products exported by the United States. According to a June 1, 2018 statement by Secretary of State for Foreign Affairs Jean-Baptiste Lemoyne, these “rebalancing measures” could concern as early as June 20 products such as rice, orange juice, motorcycles, bourbon whiskey, or certain clothes.

Source /// (Software translation) According to the article by JLR published in Newsletter 2724 of 06/01/2018 in SUPPLY CHAIN ​​MAGAZINE