What the EU’s New List of Possible US Tariff Counter-Measures Includes
The European Commission has opened a public consultation on Thursday on products which could be hit by new counter-measures to US reciprocal tariffs should negotiations with Washington fail.
The Commission has compiled a list of imported products worth 95 billion euros ($107.24 billion) and a list of EU exports to the US worth 4.4 billion euros ($4.97 billion), including scrap metal, which could be subject to export duties. The Commission did not include possible tariff levels.
The public consultation ends June 10. The Commission will go through responses and formulate a final list by end-June or early July.
The list is predominantly industrial goods. Here is a breakdown of the major US imports which could be targeted:
SECTORS
VALUE
Aircraft products
10.5 billion euros ($11.29 billion) includes safety glass, tyres and engine parts
Motor vehicles products
10.3 billion euros ($11.63 billion)
Motor vehicles
2 billion euros ($2.26 billion)
Agri-food
6.4 billion euros ($7.22 billion)
Fish
0.5 billion euros ($564.40 million)
Electrical equipment
7.2 billion euros ($8.13 billion)
Machinery
12 billion euros ($13.55 billion), such as harvesting and milking machines
Health related products (not pharma)
10 billion euros, such as tampons, cosmetic brushes, combs
Plastics
12.9 billion euros, includes a range of polymers such as polystyrene and acetate
AGRI-FOOD DETAILS
* Processed foods, eggs, nuts, cocoa products like chocolate, fresh vegetables and fruit, animal parts like offal and, bovine semen
* Oils and grains, and their related products such sowing seeds, rolled oats, cereals, flours and buckwheat
* Plants and bulbs including tulips, trees and shrubs
OTHER IMPORTS
* 200 million euros ($225.76 million) worth of batteries
* 1.3 billion euros ($1.47 billion) worth of alcohol such as wine
* Live animals such as whales, parrots and ostriches as well as more niche items like opium and sports equipment like tennis rackets, golf clubs and fishing rods
EU EXPORTS TO U.S.
* EU is considering export duties on the following goods: ferrous waste and scrap (iron or steel), aluminium waste and scrap, toluidines, enzymes and, odiferous substances used in the food and drink industry.
