US TOBACCO SECTOR UNDER PRESSURE IN TRUMP TRADE WAR
June 1st, 2018
THE AMERICAN tobacco industry has had to face up to retaliatory safeguard duties on imports into the European Union (EU) of USA-made tobacco and tobacco products, after US President Donald Trump imposed import duties on EU-made aluminium and steel imports.
The American duties came into force on June 1 and the EU reaction was swift.
Its executive, the European Commission, immediately published a regulation that authorised its 25% duties by June 16, after being approved by the EU trade barriers committee – they came into force June 20. A Brussels official told ...
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