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EU Retaliates Against New US Tariffs on Steel and Aluminum

The European Union announces countermeasures, reviving and expanding tariffs on US goods after Trump enforces sweeping import duties.

  • The United States has implemented 25% tariffs on steel and aluminum imports, affecting key trade partners including the EU, Canada, and Japan.
  • The EU will reintroduce tariffs on US products like whiskey, motorcycles, and jeans starting April 1, with additional measures planned for mid-April targeting agricultural and industrial goods.
  • The new US tariffs cover a broader range of goods, including processed steel and aluminum products, impacting 5% of EU exports to the US worth approximately €26 billion.
  • China and other nations, including the UK, Japan, and Australia, have criticized the tariffs, though immediate retaliatory actions vary by country.
  • Economic experts warn the tariffs may disrupt global supply chains, raise consumer prices, and harm industries on both sides of the Atlantic.
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