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Reuters
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March 12, 2025
The European Union will impose counter tariffs on 26 billion euros ($28 billion) value of U.S. items from subsequent month, the European Fee mentioned on Wednesday, ramping up a world commerce warfare in response to blanket U.S. tariffs on metal and aluminium.
Reuters
U.S. President Donald Trump’s elevated tariffs of 25% on all metal and aluminium imports took impact on Wednesday as prior exemptions, obligation free quotas and product exclusions expired.
The European Fee mentioned it can finish the present suspension of tariffs on U.S. merchandise on April 1 and also will put ahead a brand new bundle of countermeasures on U.S. items by mid-April.
The suspended tariffs apply to merchandise starting from boats to bourbon to motorbikes, and the EU mentioned it might now begin a two-week session to select different product classes.
The brand new measures will goal round 18 billion euros in items, with the general goal to make sure that the entire worth of the EU measures corresponds to the elevated worth of commerce impacted by the brand new U.S. tariffs, the EU mentioned.
The proposed goal merchandise embrace industrial and agricultural merchandise, resembling metal and aluminium, textiles, house home equipment, plastics, poultry, beef, eggs, dairy, sugar and greens.
“Our countermeasures will be introduced in two steps. Starting with 1 April and fully in place as of 13 April,” Ursula von der Leyen, the president of the European Fee, mentioned in an announcement.”We are ready to engage in meaningful dialogue. I have entrusted Trade Commissioner Maros Sefcovic to resume his talks to explore better solutions with the U.S.,” von der Leyen added.
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