EU's payback on tariffs were expected – and intentional

Friday, June 22, 2018
 | 
Chris Woodward (OneNewsNow.com)

U.S. and E.U. flagsEurope is making it official today in announcing retaliatory tariffs on some specific U.S. products.

Not happy with the Trump administration's tariffs on aluminum and steel exports from Europe, the European Union has announced $3.4 billion in retaliatory tariffs on U.S. goods. According to CNN, the E.U.'s tariffs will target motorcycles, orange juice, bourbon, peanut butter, motor boats, cigarettes, and denim.

"This should come as no surprise to anyone at this point," says The Heritage Foundation's Tori Whiting, a critic of tariffs in general. "This is pretty much the same thing the E.U. did during the Bush administration in 2002 when they imposed tariffs on steel imports."

Whiting

Whiting doesn't believe it's a coincidence where many of these U.S. goods are made. For example, Harley-Davidson is located in House Speaker Paul Ryan's home state of Wisconsin. A lot of the nation's orange juice comes from Florida where President Trump has a home. Kentucky, meanwhile, is known for making bourbon.

"It's not a coincidence where these things are located," she repeats.

OneNewsNow contacted Harley-Davidson, Levi's, and other companies whose products would seemingly be impacted by the E.U.'s tariffs. The Juice Products Association provided this statement:

"The Juice Products Association is hopeful that an agreement can be reached between the United States and its trading partners to avoid retaliatory tariffs on apples, cranberry and orange juice. These tariffs would be detrimental to the U.S. juice industry and hurt consumers who enjoy quality American juice products."

A spokesperson for Levi Strauss made this statement:

"As an American business with an international footprint and a complex global supply chain, we support open markets and free trade where everyone plays by the rules. Unilateral tariff impositions risk retaliation and destabilizing the global economy, in which case American brands, workers and consumers will ultimately suffer. We will work with our industry partners and stakeholders to make it clear to the U.S. government and the E.U. Commission how these decisions will impact not just our business but consumers and the millions of people across our supply chain."

The Trump administration believes the tariffs are necessary to protect U.S. companies and workers from places taking advantage of the U.S. Still, Whiting says a tariff is a tax that amounts to higher prices for consumers wanting to buy things made in other parts of the world.

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