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3w ago

U.S. Escalates Trade War With EU as New Tariffs Begin

The European Union prepares retaliatory measures while emphasizing negotiations, as the U.S. implements tariffs on European imports starting April 5.

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Le commissaire européen au Commerce, Maros Sefcovic, le 19 février 2025 à Washington.

Overview

  • The U.S. is imposing a 10% tariff on European imports starting April 5, increasing to 20% on April 9, in addition to existing tariffs on steel, aluminum, and cars.
  • The European Union estimates the new tariffs will affect €380 billion in exports and generate €81 billion in revenue for the U.S., assuming trade volumes remain unchanged.
  • The EU has postponed its retaliatory tariffs to mid-April and mid-May, while preparing broader countermeasures targeting U.S. goods, digital services, and financial dominance.
  • European officials criticized the U.S. tariffs as unjustified and harmful, but reiterated their commitment to meaningful negotiations to resolve the dispute.
  • The EU is leveraging its anti-coercion tools and the strength of its 450-million-consumer internal market to respond strategically to U.S. trade pressures.