Donald Trump's new steel tariffs to impact Croatian industry

In the tough times Trump goes it alone

The European Union on Friday released a list of USA exports ranging from rice to playing cards that could be subject to retaliation for President Trump's proposed tariffs on steel and aluminum imports to the U.S.

European Union officials said they needed to move ahead now in order to meet World Trade Organisation deadlines on notifying countermeasures against the US's planned 25 per cent tariffs on steel imports and 10 per cent tariffs on aluminium imports. U.S. Commerce Secretary Wilbur Ross and EU Trade Commissioner Cecilia Malmstrom are due to discuss the issue at a meeting next week.

The Washington Post noted that the EU's 10-page list includes "products selected for maximum political impact in the United States".

Some of the products, worth 2.8 billion euros, could be subject to duties within months.

The U.S. has run a significant trade deficit with Europe for many years.

If the USA presses ahead, it is "something that would be very disruptive for transatlantic relations", an official said.

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A second group of products would only incur duties if the WTO later declared the USA tariffs illegal or after a period of three years. According to data from the U.S. Department of Commerce, previous year the United States imported 36,000 tonnes of steel from Serbia, 32,000 tonnes from Slovenia, 12,000 tonnes from Macedonia and 2,000 tonnes from Croatia. It contains both products the European Union expects to be affected by the imposition of USA tariffs as well as products.

The EU's 28 member states would also have to agree on any action.

"The 28 nations in the European Union produce 10% of the world's steel", CNN noted.

The head of the most influential United States business lobbying group has warned the Trump administration that unilateral tariffs on Chinese goods could lead to a destructive trade war that will hurt American consumers and USA economic growth.

The EU disputes Trump's line on tariffs and his emphasis on cars, for which the USA tariff, at 2.5 percent, is lower than the EU's 10 percent.

"We are not negotiating with the United States our exemption".

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