A trade war is brewing between the EU and the US. Brussels is now planning to slap customs taxes on US products, including Harley Davidson motorcyles. To the alarm of German upper-class rockers.
The European Union and Canada have challenged the US steel and aluminum tariffs at the World Trade Organization. Canada and Mexico have also announced retaliatory tariffs on billions of dollars worth of US goods.
German and EU politicians are threatening tit-for-tat import tariffs to retaliate against the US president's plan to impose a 25-percent duty on EU steel. The EU is aiming to tax Harley Davidsons and bourbon whisky.
After Trump reiterated his anti-free trade rhetoric at the G7, European Commission chief Jean-Claude Juncker hit back with a more traditional weaponry known as "the facts." German automakers eye proceedings nervously.
US President Donald Trump has announced import tariffs of 25 percent on steel and 10 percent on aluminum. But he said he was willing to strike a deal that could see Canada and Mexico exempted.
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