The U.S. has threatened 17% tariffs on European Union agricultural exports as a Wednesday deadline loomed, an eleventh-hour move that EU officials have characterized as an escalation of the trade dispute between the parties.
Such tariffs would hit items such as Belgian chocolate, Kerrygold butter from Ireland, and olive oil from Italy, Spain. and France, all big sellers in the U.S., The Guardian reported Friday.
President Donald Trump imposed a 20% reciprocal tariff on the EU in April, part of his broader “Liberation Day” reciprocal tariffs imposed on dozens of U.S. trading partners. But Trump reduced all of the reciprocal tariffs to a baseline of 10%, initiating a 90-day deadline to allow countries to negotiate a better deal.
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