The European Union announced retaliatory trade measures against the United States on Wednesday with numerous new tariffs on American industry and agricultural products.
The European Commission is Collects sweep duties on US goods worth up to $28 billion, According to In a press release. The EU decision comes after President Donald Trump’s 25% tariff All steel and aluminum imports from all US trading partners came into effect in the middle of the night Wednesday.
New tariffs, especially in the committee target Products that come primarily from Republican-led states. The retaliation fee is set to take effect on April 1st, according to a press release.
Since returning to his oval office, Trump has led his efforts to restructure the global trade industry and reduce his broader “reliance on foreign countries.”America’s first” Agenda: Many foreign investors, major companies and foreign countries have pledged in recent weeks to invest large amounts of money in the US over the next few years.
The US is engaged in continuing trade disputes with several foreign countries, including China, Canada and Mexico. Trump announced Tuesday that he has doubled the previously announced 25% tariffs to steel and aluminum imports from Canada. (Related: “Insult”: Karoline Leavitt joins Testy Exchange with AP Reporter)
(Photo by Roberto Schmidt/AFP via Getty Images)
Relatedly, the US is one of the EUs maximum Trading partner. The total amount of US goods exported to the EU in 2024 totaled $370.2 billion, an increase of 0.7% from 2023. In 2024, US goods imported from the EU totaled $658 billion. According to To the office of US trade representatives.
“The EU deeply regrets the US decision to reintroduce tariffs on European steel and aluminum imports and products containing them,” Commission spokesperson Olof Gill said in a statement shared with the Daily Caller News Foundation. “We are calling on the US to quickly cancel these tariffs and avoid unnecessary trade escalation. US tariffs weaken transatlantic trade and supply chains, raise the costs of US businesses and citizens, and US fuel inflation affects EU exports of 26 billion euros, which is about 5% of the total EU exports to the US, and US importers must pay up to 6 billion euros with additional import tariffs. We see no justification for these tariffs on EU exports. The EU is not part of the problem, part of the solution, and their exports do not present any national security threats to the US. The EU and the US should instead work with other G7 partners, and work with other G7 partners to threaten the survival rate of metal production sectors on both sides of the Atlantic, such as global steel and aluminum excess capacity.
“The EU has now responded quickly, firmly and proportionally to these measures,” Gill added. “The EU will continue to take the necessary actions to protect the interests of European businesses, workers and consumers. If such a solution is found, the EU is ready to find a solution negotiated with the US, so that measures can be reversed at any time.”
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