EU Plans €26 Billion Tariffs in Response to New US Metal Duties

The European Union counters US-imposed steel and aluminium tariffs with measures targeting American goods, while leaving the door open for negotiations.

• The US has imposed a 25% tariff on steel and aluminium imports, affecting €18 billion worth of EU exports.
• In retaliation, the EU announced €26 billion in countermeasures, including reinstating suspended 2018 tariffs and introducing new levies by mid-April.
• The EU's measures will target a range of US goods, including industrial products, agricultural goods, and previously exempt items like boats and bourbon.
• European Commission President Ursula von der Leyen emphasized the negative economic impact of tariffs, calling them harmful to businesses, consumers, and supply chains.
• The EU expressed willingness to negotiate with the US, citing the need to avoid further economic disruption and safeguard transatlantic trade relations.

4 Articles

Free Press Journal The Times The Times Al Jazeera