EU hits back at US tariffs with new duties
The European Union has hit back at the U.S. with new trade tariffs.
This follows the Trump administration’s move to impose 25% tariffs on all steel and aluminum imports.
The EU’s response includes tariffs on U.S. goods worth more than $28 billion.
The list covers industrial and agricultural products, including motorcycles, peanut butter, jeans, and farm produce.
The measures mainly target Republican-held states, hitting soybeans in House Speaker Mike Johnson’s home state of Louisiana.
Beef and poultry in Kansas and Nebraska and produce in Alabama, Georgia and Virginia are also on the list.
European Commission President Ursula von der Leyen said the EU remains open to talks but will respond firmly.
She warned that tariffs will harm businesses and consumers on both sides.
The American Chamber of Commerce to the EU called for urgent negotiations, also warning of job losses and economic harm.
The EU’s countermeasures will roll out in two phases.
On April 1, tariffs from 2018-2020 will be reinstated.
Additional duties worth more than $19 billion will follow on April 13.
The EU steel industry could lose up to 3.7 million tons of exports.
The U.S. is the EU’s second-largest steel market.
Britain will not impose tariffs for now, but says it will act if necessary.
The trade dispute raises tensions between the allies, with billions at stake.
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