Global Markets

India and EU give WTO lists of US goods for potential tariffs retaliation

India and the European Union have given the World Trade Organization lists of the U.S. products that could incur high tariffs in retaliation for U.S. President Donald Trump‘s global tariffs on steel and aluminum, WTO filings showed on Friday.

The EU said Trump’s steel tariffs could cost $1.5 billion and aluminum tariffs a further $100 million, and listed rice, cranberries, bourbon, corn, peanut butter and steel products among the U.S. goods that it might target for retaliation.

India said it was facing additional U.S. tariffs of $31 million on aluminum and $134 million on steel, and listed U.S. exports of soya oil, palm olein and cashew nuts among its potential targets for retaliatory tariffs.

Leave a Reply