Us-eu trade war: Europe has also retaliated on Donald Trump’s tariff bomb. On Wednesday, the European Union (EU) approved the US to impose tariffs on 20 billion euros (about Rs 1.8 lakh crore) products. In the target of the European Union, soybeans, motorcycles, beauty products and more.

What is the whole matter?

Donald Trump recently hit a heavy tariff on steel and aluminum coming from Europe. In response, EU has also taken up the front and has clearly said that he will not bear anymore!

These taxes will start from April 15

EU says that this attitude of America is not only unfair, but it is causing damage to the economies on both sides. Also, global economy is also being affected.

Is EU ready for conversation?

EU has said that if the US is ready for “just and balanced deal”, then these tariffs can also be stopped. But at the moment Europe is in its own attitude.

What is involved in EU’s counter-war?

This time EU has retaliated on two levels-

First step- Trump was set in his first term but currently suspended taxes are being activated again.

Second step- A new list has been prepared, which will be taxed from next month. Duty will start from December on some items.

Which products will be hit on tariff

According to Mint’s report, this time the special thing is that most of the products that EU has chosen for heavy tariffs is from states where Trump’s Republican party dominates. That is, political targets have also been served. These products are- motorcycle, chicken, maize, dry fruits, wood, paintings, textile and electronic goods. Tariff will be hit on all these.

What has Trump done?

Trump announced 25 percent duty on cars coming from Europe and 20 percent tax on other goods. EU has said that these will also be reversed soon. This tariff confrontation between America and Europe is now taking the form of a direct trade war.

Also read: US China Trade War: China has another attack on America, 84% tariff taken on 18 American companies