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EU Commission proposes 25% counter-tariffs on some US imports, document shows

The European Commission proposed counter-tariffs of 25% on a range of US goods in response to President Donald Trump's tariffs on steel and aluminium, a document seen by Reuters showed.

The tariffs on some goods will take effect 16 May and others later in the year, on 1 December, the document said.

The goods are wide-ranging and include diamonds, eggs, dental floss, sausages and poultry. The counter-tariffs on almonds and soybeans will take effect on 1 December.

EU trade chief Maros Sefcovic said earlier on Monday, 7 April that the counter-tariffs would have less impact than the previously announced €26 billion ($28.45 billion).

Bourbon, wine and dairy have been removed from the original list the Commission was weighing in March.

The Commission had earmarked a 50% tariff on bourbon, which had prompted Trump to threaten a 200% counter-tariff on EU alcoholic drinks if the bloc went ahead.

Trump's threat worried France and Italy in particular owing to their significant wine industries.

In addition to these counter-tariffs, the EU already tightened existing safeguards on steel on April 1 to reduce imports by 15%. The Commission is also looking at import quotas for aluminium.

EU member states are due to vote on this proposal on 9 April.

(Source: Reuters)

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