Here it comes Donald, this one is just for you, enjoy!
Brussels publishes US tariffs retaliation lists totaling €6.4 billion
The list includes products worth €2.8 billion, which the EU can target with tariffs of 25 percent at any moment after notifying the list to the WTO.
Brussels Friday published two lists with American products that it will target if U.S. President Donald Trump imposes increased tariffs on EU exports of steel and aluminium.
A senior European official said the EU’s response list was for “stakeholder consultations” and added that the total value of American exports targeted could reach “€6.4 billion all added together.”
The Commission needed to act now to make sure it notified the lists to the WTO within a 90-day deadline, but the decision whether to use the lists would be taken only after three months. Brussels needed to act now because “you may be exempted today and three months later the situation changes.”
Politico
That's for starters, Donald.
The EU is already loading the guns for the 2nd round:
EU prepares revenue-based tax on US tech giants
The European Commission is to unveil plans for a digital tax on big US tech companies. The move is aimed at recovering billions of euros from multinationals that divert their earnings to low-tax nations.
According to a draft plan, Brussels proposes big tech companies should be taxed on overall revenue in the EU and not just on their profits, at a rate of around 3 percent.
The plan is fanning fears of a further worsening of trade relations between the EU and the United States as Brussels prepares to retaliate against US President Donald Trump's move to impose higher tariffs on steel and aluminium imports.
The new EU tax plan would target companies with global annual turnover above €750 million ($924 million), such as Google, Twitter, Facebook, Airbnb and Uber.
Smaller startups that struggle to compete with the giants would be spared, as would firms like Netflix, which depend on subscriptions.
DW
Sorry Donald, we'll have to hit corporate American were it hurts.
And watch out there is more coming from the East (your West, isn't it confusing?):
Amazon's Japanese headquarters raided by nation's regulatorAnd guess what, we have a nice lady from Denmark called Vestager who loves to look into the affairs of US multinationals.
Donald is a pussy, Donald can't even win a trade war, so sad!
Stay tuned, more to follow soon.