The European Union has decided to impose tariffs on imports of goods from the United States totaling around €21 billion (approximately $23.2 billion). This is a response to the 25% tariffs that were introduced by President Donald Trump on imports of steel and aluminum from the EU.
This is reported by Business • Media
On April 9, the majority of the 27 EU member states supported new sanctions that will take effect in mid-April. The tariffs being introduced target politically sensitive American states and cover a wide range of products, including soy products, diamonds, agricultural products, poultry, and motorcycles.
Possible changes in countermeasures
The European Commission noted that countermeasures could be halted at any moment if the United States agrees to reach a fair and balanced outcome during negotiations. This move increases tension in the transatlantic trade war, as the US has also imposed a universal 20% tariff on nearly all European exports, along with a separate 25% tariff on cars and some auto parts.
Trump’s further actions
Donald Trump has also announced the possibility of introducing new tariffs on lumber, semiconductor chips, and pharmaceutical products. All new tariffs announced by Trump will affect about €380 billion worth of goods from the EU.