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3/16/18

Trump - Tariffs: European Union releases 10-page list of potential targets for retaliatory tariffs on U.S. products - by David J. Lynch and Michael Birnbaum

The European Union on Friday made public a 10-page list of American products that are potential targets for retaliation if President Trump refuses to exempt the allied bloc from his new tariffs on steel and aluminum imports.

The list offered the most detailed glimpse to date of the likely targets for E.U. action, including products selected for maximum political impact in the United States. Among them: bourbon, a specialty of Kentucky, Senate Majority Leader Mitch McConnell’s home state; cranberries, which are grown in House Speaker Paul D. Ryan’s native Wisconsin; orange juice from Florida; and tobacco from North Carolina. Florida and North Carolina are considered political swing states with key electoral votes.

“It’s pretty clear they’re trying to wake up American legislators, who are the only ones in government who can influence the president on this issue,” said Chad Bown, a trade expert at the Peterson Institute for International Economics.

Still, the European Union said its response to Trump’s tariffs is designed to conform with World Trade Organization rules, signaling that Europe hopes to avoid a full-blown rupture with the unpredictable U.S. president.

Note EU-Digest: it is high time the EU stops playing footsie with the US and takes their gloves off. There are much tougher ways to deal with the US when it comes to convincing their ego-maniac President.

Trump better take note that the adjusted GDP of the 28 EU member nations  is bigger than both China and the US, based on the traditional list of world's economic super powers.

The EU can do a lot of harm to the US economy if Donald Trump continues on this destructive route
  
Read : moreEuropean Union releases 10-page list of potential targets for retaliatory tariffs on U.S. products - The Washington Post

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