EU to impose counter tariffs on over €26 billion of US goods

08:19 - 12 March 2025

Economy Reporter

The European Union will impose counter tariffs on €26 billion ($28.33 billion) worth of US goods from next month in response to US tariffs on steel and aluminium, the European Commission has announced.

In a statement on Wednesday, 12 March, the Commission said it will end the current suspension of tariffs on US products on 1 April and will also put forward a new package of countermeasures on US goods by mid-April.

"This matches the economic scope of the US tariffs. Our countermeasures will be introduced in two steps. Starting with 1 April and fully in place as of 13 April," Ursula von der Leyen, President of the European Commission, said in a statement.

"We are ready to engage in meaningful dialogue. I have entrusted Trade Commissioner Maros Sefcovic to resume his talks to explore better solutions with the US," von der Leyen added.

US President Donald Trump's increased tariffs of 25% on steel and aluminium imports took effect on Wednesday as prior exemptions, duty free quotas and product exclusions expired.

($1 = 0.9178 euros)

(Source: Reuters)

EU to impose counter tariffs on over €26 billion of US goods

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