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EU Commissioner pans Trump’s border tax plan

[ February 14, 2017   //   ]

EU trade commissioner Jyrki Katainen said in mid-February that the EU would be prepared to take legal action should the US try to impose a “border tax” against its imports. In an article published in the Financial Times Katainen also warned that such a move trigger expedited action at the World Trade Organisation. In a plan that has yet to be endorsed by President Trump, a border tax of up to 20% has been mooted as one way in which the US could meet the cost of building its planned wall along the Mexican border.

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