The European Union will begin imposing retaliatory tariffs on U.S. goods next week in response to President Donald Trump’s sweeping steel and aluminium tariffs, escalating a growing transatlantic trade war.
The European Union will launch countermeasures from next Tuesday against U.S. President Donald Trump’s steel and aluminium tariffs with extra duties on 21 billion euros ($23 billion) of U.S. imports.
The 27-nation bloc faces 25% import tariffs on steel, aluminium and cars, as well as the new broader tariffs of 20% for almost all other goods under Trump's policy to hit countries he says impose high barriers to U.S. imports.
The counter-tariffs announced so far are a response specifically to the U.S. metals tariffs imposed on March 12 and were approved by EU members on Wednesday. The bloc is still assessing how to respond to the car and broader "reciprocal" tariffs.
The EU plan comes in three phases, with most of the tariffs not due to take effect until May.
APRIL 15:
The first phase of European tariffs will cover 3.9 billion euros worth of U.S. products, including steel and aluminium, corn (maize), rice, motorcycles, motor boats, dishwashers, washing machines and orange juice.
These are mostly a repeat of tariffs the EU imposed in 2018 when Trump ordered an earlier set of less comprehensive tariffs on European steel and aluminium products. Both sides removed the levies in a truce reached under U.S. President Joe Biden.
Notably, U.S. whiskey is excluded this time, after some countries worried about U.S. retaliation against European wine exports.
Most of the affected products will face 25% tariffs, although some are hit by lower rates such as diamonds at 10%.
MAY 16:
Because the new U.S. metals tariffs cover a much wider range of steel and aluminium goods than the 2018 levies, the commission, which coordinates EU trade policy, drew up a much larger list of U.S. imports for additional retaliation. This originally covered U.S. goods valued at 21 billion euros, but was then pared down to 17 billion euros with the removal of dairy products, spirits and wines.
The additional tariffs of 25% are to be imposed on May 16 on 13.5 billion euros worth of goods, including poultry, beef, fruit, cereals such as wheat, barley and oats, vegetable oils, wood, plastics, carpets, clothing, glassware and tools, as well as chewing gum, dental floss, lawn mowers, vacuum cleaners and toilet paper.
DECEMBER 1: Duties will be added to a further 3.5 billion euros of U.S. goods, including soybeans and almonds.
WHICH COMPANIES COULD BE AFFECTED?
EU officials hope that hitting a wide range of products could make U.S. businesses press Washington to dial back its trade war.
U.S. producers of the affected goods include Whirlpool WHR.N, Stanley Black & Decker SWK.N, Mohawk Industries MHK.N, Harley-Davidson HOG.N, Ralph Lauren RL.N, Tyson Foods TSN.N and Archer-Daniels-Midland ADM.N
($1 = 0.9045 euros)
Norway could soon receive a major boost to its airborne defence, as Washington signals readiness to expand military cooperation through a new high-val...
A British man accused of running a $100 million fake wine loan scam pleaded not guilty in New York, denying claims that he sold investors a vintage co...
The U.S. is set to support Lebanon’s military readiness with a $100 million deal to sustain A-29 Super Tucano aircraft, enhancing the Lebanese Armed...
U.S. singer Chris Brown pleaded not guilty in London to charges of assault and possessing an offensive weapon following a nightclub incident two years...
The U.S. unexpectedly recorded a $27 billion budget surplus in June, reversing last year’s deficit. This improvement reflects stronger customs colle...
Norway could soon receive a major boost to its airborne defence, as Washington signals readiness to expand military cooperation through a new high-value arms deal.
A British man accused of running a $100 million fake wine loan scam pleaded not guilty in New York, denying claims that he sold investors a vintage collection that didn’t exist. The high-stakes fraud allegedly duped victims with promises of rare bottles and big returns.
U.S. singer Chris Brown pleaded not guilty in London to charges of assault and possessing an offensive weapon following a nightclub incident two years ago. His trial is scheduled for October 2026.
The U.S. unexpectedly recorded a $27 billion budget surplus in June, reversing last year’s deficit. This improvement reflects stronger customs collections and significant cuts in education spending amid ongoing fiscal challenges.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
Norway could soon receive a major boost to its airborne defence, as Washington signals readiness to expand military cooperation through a new high-value arms deal.
A British man accused of running a $100 million fake wine loan scam pleaded not guilty in New York, denying claims that he sold investors a vintage collection that didn’t exist. The high-stakes fraud allegedly duped victims with promises of rare bottles and big returns.
The U.S. is set to support Lebanon’s military readiness with a $100 million deal to sustain A-29 Super Tucano aircraft, enhancing the Lebanese Armed Forces’ ability to uphold the recent ceasefire in southern Lebanon.
The U.S. unexpectedly recorded a $27 billion budget surplus in June, reversing last year’s deficit. This improvement reflects stronger customs collections and significant cuts in education spending amid ongoing fiscal challenges.
China has introduced its first renewable energy consumption targets for key industrial sectors and data centres.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment