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Translated by GOOGLE

Europe

Taxation of imports: Brussels shows muscles against Trump.

The European Union plans to apply tariffs of 25% on about $ 3.5 billion (US $ 2.8 billion) in imports from the
United States if Donald Trump puts his plan into effect. Impose US tariffs on steel and aluminum.

The European Union is preparing retaliatory measures against US companies following the announcement by US President Donald Trump to heavily tax
imports of steel and aluminum into the United States. "EU prepares countermeasures on import duties on US goods, including Harley-Davidson, Bourbon
and Levi's jeans," said spokesman for European Commission President Jean-Claude Juncker Friday in front of German journalists.

Brussels plans to apply tariffs of 25% on about 3.5 billion dollars (2.8 billion euros) of imports from the United States if Donald Trump executes his project.
The European Commission said it would react "firmly" to the US president's plan to impose tariffs of 25% on steel and 10% on aluminum.

Jean-Claude Juncker said on Friday that the EU would have no choice but to respond in the same way if the United States effectively introduced these
tariffs on imports of steel and aluminum from Europe. "If Americans impose tariffs on steel and aluminum, we must treat American products in the same
way," said Jean-Claude Juncker on German public television.

Will Washington be able to apply safeguards?

The European Commission has said it will join with other countries in challenging the World Trade Organization for any tariffs imposed by the United
States and that it will consider safeguarding measures like those adopted in 2002. An additional counter-measure under study would specifically target
the United States to "rebalance" trade between the two blocs, the sources said.

European exports of steel and aluminum in the United States accounted for 5.3 billion euros (6.53 billion dollars) and 1.1 billion euros in 2017
respectively. For certain grades of steel, the United States can not show any increase in imports last year, said the sources, which means that
Washington would not be allowed to apply safeguard measures.

European exports of these types of steel accounted for 2.8 billion euros (3.5 billion dollars). If US tariffs applied to all types of European steel, the EU
would apply duties of 25% on the equivalent of 2.8 billion euros of products from the United States.

One-third of these products are certain types of steel, another third of manufactures and one-third of agricultural products. The list of products is to be
presented next week to the member countries, which will have to give their agreement.

(With Reuters)
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