European Union approves first set of retaliatory tariffs on U.S. imports
Last edited Wed Apr 9, 2025, 09:57 AM - Edit history (1)
Source: CNBC
Published Wed, Apr 9 2025 9:18 AM EDT | Updated 13 Min Ago
The European Union on Wednesday voted to approve its first set of retaliatory measures to counter tariffs imposed by the U.S. on steel and aluminum. The European Commission, the bloc’s executive arm, said duties would start being collected from April 15. A response package was unveiled last month targeting a range of goods, but the final list of items has yet to be released.
The 27-nation bloc had warned it would act to protect European business and consumers after U.S. President Donald Trump imposed 25% duties on the metals. “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.
The EU also faces tariffs of 20% on almost all its U.S. imports, as part of Trump’s targeting of over 180 countries and territories, as announced by the White House leader on April 2. European Commission President Ursula von der Leyen at the time said the EU was ready to retaliate unless negotiations with the U.S. administration were successful.
“We are prepared to respond,” she said, adding that the EU was preparing for further countermeasures to protect its interests and businesses. But, von der Leyen also called for talks with the U.S., saying it was “not too late to address concerns through negotiations.”
Read more: https://www.cnbc.com/2025/04/09/european-union-approves-first-set-of-retaliatory-tariffs-on-us-imports.html
Goes into effect on April 15th - income tax day in the U.S.
So who were the "60 countries" 45's people were negotiating with?
Article updated.
Original article -
The European Union on Wednesday voted to approve its first set of retaliatory measures to counter tariffs imposed by the U.S. on steel and aluminum. 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 bloc had warned it would act to protect European business and consumers after U.S. President Donald Trump imposed 25% duties on the metals. The EU also faces tariffs of 20%, along with over 180 countries and territories, as announced by the White House leader on April 2.
“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.
European Commission President Ursula von der Leyen at the time said the EU was ready to retaliate unless negotiations with the U.S. administration were successful. “We are prepared to respond,” she said, adding that the EU was preparing for further countermeasures to protect its interests and businesses. But, von der Leyen also called for talks with the U.S., saying it was “not too late to address concerns through negotiations.”
= new reply since forum marked as read
