The Euopean Union may levy a 25% import tax on Levi jeans and bourbon whisky if President Donald Trump imposes import tariffs on European steel and aluminium.
The EU Commissioner for Trade said that the items were on a draft list of US goods to be subject to import tax. Last week, the President said he would tax imported steel, declaring: “trade wars are good”.
These comments have prompted reaction around the world and Prime Minister Theresa May expressed her concern in a telephone call to Mr Trump last Sunday.
Levi Strauss stated that they are strongly against trade barriers.
A company spokesperson said “We support open markets and free trade where everyone plays by the rules. Unilateral tariff impositions risk retaliation and destabilizing the global economy, in which case American brands, workers and consumers will ultimately suffer.”
