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Tag Archives: retaliation

US implements steel & aluminium tariffs, EU threatens with retaliation

A bad day for world trade: US moves forward with imposing tariffs on steel and aluminium, without exception for Canada, Mexico and the European block. The new measures 25% percent on steel and 10% on aluminium go into effect on 1. June 2018, US time. The European Union threatens with …

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Turkey threatens the US with retaliation if F-35 fighter jets deal halted

Turkey has said it will retaliate if the U.S. halts sales of new generation F-35 fighter jets in reaction to the Turkish government’s purchase of S-400 anti-ballistic missile systems from Russia. “It’s not right for them to speak with us in a threatening way. If they take such a step …

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Iran’s Oil Ministry Denies Oil Cuts to Six EU States

A panic broke up earlier on Wednesday, when several international media reported that Iran has stopped its crude oil exports to six European countries, namely Greece, France, Portugal, Spain and the Netherlands.  Iran’s decision is a retaliation for the sanctions imposed by the European Union last month. Iran’s parliament had taken …

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