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

  • The European Union approved 25% tariffs on various U.S. products in retaliation for U.S. tariffs on steel and aluminum.
  • These tariffs mark the EU's first retaliatory measures in the trade conflict initiated by U.S. President Donald Trump.
  • Hungary was the only EU member to vote against these tariffs, while others aimed for a balanced outcome through negotiations.
  • The EU plans to implement the tariffs starting April 15, with further measures possible based on U.S. actions.
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Forbes broke the news in United States on Wednesday, April 9, 2025.
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