BRUSSELS — The European Union on Friday signaled it could live with new U.S. tariffs imposed over its alleged failure to ban imports made with forced labor after President Donald Trump largely stuck to the terms of a transatlantic trade truce.
Washington on Thursday slapped new double-digit tariffs on dozens of U.S. trading partners, including the European Union, scrambling to rebuild its “tariff wall” which was struck down by the Supreme Court in February.
EU exports will be subject to a 10 percent duty, which, unlike many other countries, won’t come on top of the “most favored nation” duties. Under their transatlantic tariff truce struck at Turnberry in Scotland last year, Washington commits to cap the tariffs imposed on most EU goods at 15 percent.