The latest shots in a looming trade war were fired on Friday as the European Union imposed $3.3bn in tariffs on US goods.

It’s a direct response to recently imposed US tariffs on imported steel and aluminium from the EU, Canada and Mexico.

In making up their own list of products to tax, EU leaders sought to make a point to US President Donald Trump and his supporters that protectionism carries a price.

Among the items now subject to high taxes when entering the EU: bourbon whiskey from Kentucky, the home state of US Senate Republican leader Mitch McConnell.

Harley Davidson motorcycles and artisan cheese, both of which are produced in Wisconsin, the home state of Republican House speaker Paul Ryan.

And orange juice – one of the most important crops in Florida: a swing state whose Republican governor, Rick Scott, is in a tight race for a Senate seat.

Nor is the EU alone.

Canada, China and India have all announced sweeping tariffs on US goods in response to Trump’s steel and aluminium levies.

So, where does this leave the international system of rules and treaties that has promoted global trade since the end of World War II?

Presenter: Martine Dennis

Guests:

Steven Rogers – A member of the Donald J. Trump for President Advisory Board.

Deborah Elms – Executive Director, Asian Trade Centre.

Sam Lowe – International Trade Expert at the Centre for European Reform.

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10 COMMENTS

  1. Trump has already suggested 0 tarriffs both ways but EU didnt want to do that. So Trump has to do tarriffs to even things out.

  3. China's new silk road will solve these economic problems, all aboard. The arrogance of America soon becomes the ignorance of USA regime. There is no military solution. America you have no enemies. USA REMEMBER, LIFE goes on without YOU.

  4. Dont understand orange juice its good for you people in europe wants the choice of fresh food from across the world

  6. Ultimate bully boy in the WH.
    USA should not start a trade war with out allies.
    W00psss, US eliminating frends and allies.
    No tariff war in the rest of the market.
    Shrinking US market an imminent danger to her market.

  7. To all the world leaders, it is time to stop being angry and start being smart. HISTORY IS UPON YOU! YOU MUST NOW CHOOSE THE LESSOR OF TWO EVILS. Either decision will require sacrifice. If you are wise than you understand what I'm stating, if you are not wise or at least intelligent than you have already lost and will eventually sit back at the table of feast with a loss of pride and self respect even though you and the people you lead may pretend otherwise. I truly do understand if you sacrafice national pride and self respect because no one wants to go hungry.

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