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EU to Impose $28 Billion in Counter Tariffs on US Goods in Response to Trump’s Tariffs Starting April 1

  • The European Union announced $28 billion in counter tariffs on U.S. Goods in response to President Donald Trump's new tariffs on steel and aluminum imports, as reported by the Associated Press.
  • The EU's tariffs will impact U.S. Goods worth around €26 billion, including textiles, agricultural products, soybeans, and beef, according to the European Commission.
  • Ursula von der Leyen, European Commission President, stated that the EU is open to negotiations despite the U.S. Tariffs, emphasizing that tariffs are not in their common interest.
  • The American Chamber of Commerce to the EU expressed concerns that both the U.S. Tariffs and the EU's countermeasures will harm jobs and called for a negotiated outcome between the two sides.
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manager magazin broke the news in on Tuesday, March 11, 2025.
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