European products will be targeted by a 20% US customs duty starting 9 April, US President Donald Trump announced on Wednesday 2 April. According to figures released by the White House, this is a reciprocal tariff for all of what it considers to be the taxes that the European Union applies to imports at a rate of 39%. This 39% includes tariffs as well as VAT and non-monetary barriers.
“You know, you think of the European Union, very friendly. They [the Europeans, Editor’s note]rip us...