EU 'should be excluded' from US tariffs: top European trade official
By AFP | Published: 09th March 2018 03:52 AM |
BRUSSELS: The EU "should be excluded" from new US tariffs on steel and aluminium imports, the bloc's top trade official insisted Thursday, saying Brussels would seek urgent clarification from Washington.
Brussels has already drawn up a hitlist of flagship American products to target for countermeasures if its exports are affected by the tariffs signed off by US President Donald Trump on Thursday.
Trump imposed the tariffs -- 25 percent on steel and 10 percent on aluminium -- despite repeated warnings from the EU and other allies that this could trigger a full-on trade war.
"The EU is a close ally of the US and we continue to be of the view that the EU should be excluded from these measures," EU Trade Commissioner Cecilia Malmstroem wrote on Twitter.
"I will seek more clarity on this issue in the days to come," she said, adding that she would meet US Trade Representative Robert Lighthizer in Brussels for talks on Saturday.
Announcing the tariffs, Trump said Canada and Mexico would be excluded and other countries could negotiate exemptions, but he singled out Germany for criticism.
The EU has promised retaliatory tariffs on a wide range of US imports items; from steel to peanut butter, bourbon and denim jeans -- most of which are produced in states that Trump needs to win reelection.
Europe exports around five billion euros' ($4 billion) worth of steel and a billion euros' worth of aluminium to the US each year, and the commission estimates Trump's tariffs could cost some 2.8 billion euros.
The EU is also looking at "safeguard" measures to protect its industry -- restricting the bloc's imports of steel and aluminium to stop foreign supplies flooding the European market, which is allowed under World Trade Organisation (WTO) rules.
EU President Donald Tusk on Wednesday warned Trump that "trade wars are bad and easy to lose", directly rebuffing the US leader's claim last week they were "good and easy to win".