THE European Union looks set to keep its promise to fight back against US President Donald Trump’s hefty metal tariffs by slapping duties on key signature American goods including jeans and peanut butter.
The European Commission issued a stark warning on Wednesday saying it is working on new taxes on products coming from the US.
The EU body is working frenetically to finalise the list of items to tax to submit it to the World Trade Organisation (WTO) in time to see the duties imposed in about three weeks time.
Maros Sefcovic, vice-president of the European Commission, said: "The Commission expects to conclude the relevant procedure in coordination with member states before the end of June so that the new duties start applying in July.”
The Commission, led by Jean Claude Juncker, is responsible for trade negotiations of the bloc’s 28 state members, which have all fully supported the “tit for tat” measure, according to Jyrki Katainen.