Trump’s trade war to hit hard on Harley-David, Levi’s Jeans and Bourbon

by meziesblog.com, posted in Uncategorized

Retaliatory measures against leading US brands such as Levi’s and Harley Davidson are underway following Donald Trump’s threat of a trade war with plans for tariffs on steel and aluminium, European Commission chief Jean-Claude Juncker said.

However, another top EU trade official said Mr. Trump has a very small chance to avoid a damaging global trade war unless corrective actions are taken immediately, also advising that the US leader should reconsider his short and long-term objectives before signing them into effect next week.

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Europe threatens tariffs on Levi’s jeans, bourbon and Harley-Davidson if Trump sparks trade war
While Mr. Trump aims at imposing heavy tariffs on steel and aluminium importation, Juncker said on the sidelines of a conference in Hamburg: “We will not sit idly when European industry and jobs are threatened.”
Levi’s jeans, Harley-Davidson motorbikes and bourbon could all receive tit-for-tat duty hikes,  according to Juncker, the European Commission president. Other American products that may suffer in the trade war include orange juice from Florida, which is a critical swing state in elections.

At this moment, the US President hasn’t reconsidered his intended actions and there’s no sign that he will back down despite wide criticisms against the 71-year-old. He just can’t help relishing the fight at a time when his White House is once again in crisis from alleged infighting and consequential resignations.

“When a country like the USA is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win,” Mr. Trump posted on Twitter Friday morning. “Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore — we win big. It’s easy!”

His plan is to impose a 25 percent duty on steel and a 10 percent duty on aluminium.

Juncker’s targets in America are many and much more than imagined. The EU Commissioner said Europe will not hesitate to clamp down on whiskey supplies, particularly one that is distilled in Kentucky, home to Mitch McConnell, who leads Republicans in the Senate.

“We will put tariffs on Harley-Davidson, on bourbon and on blue jeans – Levis,” Juncker added.

“The EU is preparing import duties for US products including Harley-Davidson, Bourbon and Levi’s jeans,” his spokeswoman also quoted him as saying on Twitter.

3 thoughts on “Trump’s trade war to hit hard on Harley-David, Levi’s Jeans and Bourbon”

  1. Quite an interesting turn of events and something I’ll keep my eyes peeled for when it comes to developments on Trump’s stance with the EU. I live in the UK so things are rather rocky here and it’s confusing as to whether I’m now classed as being in the EU or not..! x

    1. Good thing about America is this: no country takes us on a ride. But I admit China is trying. Good for politics and world economy.

  2. Pingback: War of words as U.S.-China trade talks end in stalemate – Meziesblog