The European Union announced €26 billion ($28.33 billion) in counter tariffs on U.S. goods Wednesday, responding to President Donald Trump’s 25% tariffs on steel and aluminum imports, which took effect the same day.
The EU’s new measures match the economic impact of Trump’s tariffs. The bloc will end its suspension of previous countermeasures from Trump’s first term on April 1, affecting €8 billion in EU steel and aluminum exports. Additional tariffs covering €18 billion in U.S. goods will take effect by mid-April.
European Commission President Ursula von der Leyen criticized the tariffs, stating they disrupt supply chains, raise prices, and threaten jobs in both Europe and the U.S. She emphasized the EU’s willingness to negotiate but insisted countermeasures were necessary to protect European businesses and consumers.
The escalating trade tensions mark another clash between Washington and Brussels, with economic consequences expected for both sides.
Sources
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