European Union approves first set of retaliatory tariffs on U.S. imports
European Union approves first set of retaliatory tariffs on U.S. imports
- The European Commission, the bloc’s executive arm, said duties would start being collected from April 15. The response package was unveiled last month targeting a range of goods.
- The 27-nation EU had warned it would act to protect European business and consumers after U.S. President Donald Trump imposed 25% duties on steel and aluminum.
- “The EU considers US tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy. The EU has stated its clear preference to find negotiated outcomes with the US, which would be balanced and mutually beneficial,” the European Commission said.
