USA threatens 100% tariff on EU goods as banana war hots up
THE European Union and the USA moved towards a trade battle over bananas last night as Washington threatened punitive tariffs on a range of European imports.
The USA said it would impose 100% duties on range of European products if Europe did not amend its banana import regime by 1 January.
Brussels retorted with the allegation that the Americans were resorting to jungle law.
The USA plans to impose duty of up to 100% on a list of EU food products unless Brussels scrapped plans to continue a quota system that gives favourable terms to bananas grown in the former European colonies of the Caribbean and Africa.