The EU has drafted a list of American imports that the bloc is set to hit with duties of 25 percent to retaliate against President Trump’s steel and aluminum tariffs, totaling nearly $3.5 billion worth of goods. The trading bloc would go after imports of corn, rice, cranberries, peanut butter, orange juice, kidney beans, bourbon whiskey and tobacco – valued at about $1.2 billion.
Agriculture and business groups were on Capitol Hill on Tuesday to lobby against Trump’s pending tariff actions. The effort was led by the National Foreign Trade Council, which announced the formation of a new coalition of more than 30 groups that oppose tariffs on steel and aluminum imports, including those representing export-dependent industries and users of the two materials. A range of farm groups are involved, including the American Soybean Association, Beer Institute, Grocery Manufacturers Association, National Council of Farmer Cooperatives, National Pork Producers Council and U.S. Wheat Associates.