Home EU to impose duties on â‚¬2.8 billion worth of US imports as of Friday

EU to impose duties on â‚¬2.8 billion worth of US imports as of Friday

Updated: 20 Jun. 2018 | 13:51

The European Commission gave its final approval for retaliatory duties against the recent steel and aluminium tariffs imposed by the US, imposing â‚¬2.8 billion worth of duties on US imports as of this Friday, 22 June.

The market reaction to the announcement, however, turned out to be rather muted, with some safe-haven buying dragging the USD/JPY pair back towards the key 110.00 psychological mark.

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