India joined the European Union and other US trading partners in retaliating against the Trump administration's tariff hikes on steel and aluminum Thursday by raising import duties on a variety of goods, including almonds, apples and some metal products.
Trump and Peter Navarro, one of his top trade advisers, have long believed that the European Union has an unfair tariff on US exports while the USA government makes it relatively easy for other countries to send their cars here. "And then, the European Union will hopefully act as united again as it has done now".
"The basis for future agreements between the European Union and the USA must be the rules of the WTO", the German auto industy group VDA said in a statement Thursday.
However, China accused the United States of an act of "extreme pressure and blackmail" and said it would respond with "strong countermeasures".
The European Union started enforcing tariffs Friday on American imports like bourbon, peanut butter and orange juice, part of a growing global trade rift that's likely to intensify over the next few weeks. Both sides have promised to impose tariffs early next month on billions of dollars in goods.
European Commission President Jean-Claude Juncker said on Thursday the US's new stance on trade "goes against all logic and history".
The total amount of United States goods exported to China amounted to only US$130 billion (S$177 billion) previous year, meaning that Mr Trump's potential tariffs on US$250 billion or more of Chinese imports can not be matched, at least directly.
Adding as much as £200m per year to the cost of consumer goods arriving in Britain from the U.S., the measures came after Donald Trump imposed additional tariffs on imports of steel and aluminium shipped from the EU.
Sen. Orrin Hatch, who opposes the auto tariffs, did the math for Commerce Secretary Wilbur Ross at a hearing this month.
It accused the United States of "extreme pressure and blackmailing" and vowed to retaliate after Trump on Monday threatened to slap a 10 percent tariff on $200 billion of Chinese goods in addition to the import duties previously announced on $50 billion in goods.
Japanese vehicle makers accounted for 92,000 jobs in the US, according to the Japanese Auto Manufacturers Association's annual report.
Mr. Trump's tactics may working.
One of the most frequently discussed items on the E.U.'s list is bourbon, a specialty from the home state of Senate Majority Leader Mitch McConnell (R-Ky.).
Economists noted that the amount of money involved with India's levies dwarfed in comparison with that of China - U.S. -India trade was $126 billion a year ago, while U.S.