European Union approves first set of retaliatory tariffs on U.S. imports

European Union imposes counter-tariffs on the US

The consequences of an escalating trade war between the US and the European Union would be devastating.

ThePatriotLight - EU greenlights first set of tariffs hitting back at US

ThePatriotLight - The EU on Wednesday adopted its first measures hitting back at President Donald Trump’s tariff onslaught, targeting more than 20 billion euros of US goods including soybeans, motorcycles and beauty products. The levies of up to 25 percent are retaliation for US duties on steel and aluminium imposed last month — with Europe’s response to Trump’s latest tariffs salvo yet to be announced. “These countermeasures can be suspended at…

EU Hits America with $21 Billion in Retaliatory Levies Hours Before Trump Tariff Pause.

PULSE POINTS:What Happened: On Wednesday, before President Donald J. Trump announced he would be reducing tariffs on countries that have not “retaliated in any way, shape, or form against the United States,” the European Union (EU) approved an estimated $21 billion in retaliatory tariffs against a number of American exports. Who’s Involved: The European Union, the European Commission, and U.S. President Donald J. Trump. Where & When: Brussels, B…

Trump's tariff policies and geopolitical tensions open the door to boosting alternatives on the continent in a sector dominated by big US companies Read

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The European Union member states have voted in favor of the European Commission's proposal to impose trade countermeasures against the United States, the EU Commission announced on Wednesday.