US EditionEuropean Union approves first set of retaliatory tariffs on U.S. imports
- European Union member states voted to approve retaliatory tariffs on $23 billion in goods in response to President Trump's 25% tariffs on imported steel and aluminum, which the EU described as unjustified and damaging.
- The tariffs will take effect in stages, with some effective on April 15, others on May 15, and the remaining on December 1.
- France's Economic Minister Eric Lombard stated that the second package will consider various ways to respond to U.S. Tariffs.
- The EU prefers negotiated outcomes with the U.S. That are balanced and mutually beneficial.
366 Articles
366 Articles
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…
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