EU to impose counter tariffs on over $28 billion of US goods

Reuters

Tue, Mar 11, 2025, 10:20 PM 1 min read

(Reuters) - The European Union volition enforce antagonistic tariffs connected 26 cardinal euros ($28.33 billion) worthy of U.S. goods from adjacent period successful effect to U.S. tariffs connected alloy and aluminium, the European Commission said successful a connection connected Wednesday.

The committee said it volition extremity the existent suspension of tariffs connected U.S. products connected April 1 and volition besides enactment guardant a caller bundle of countermeasures connected U.S. goods by mid-April.

"This matches the economical scope of the U.S. tariffs. Our countermeasures volition beryllium introduced successful 2 steps. Starting with 1 April and afloat successful spot arsenic of 13 April," Ursula von der Leyen, president of the European Commission, said successful a statement.

"We are acceptable to prosecute successful meaningful dialogue. I person entrusted Trade Commissioner Maros Sefcovic to resume his talks to research amended solutions with the U.S.," von der Leyen added.

U.S. President Donald Trump's accrued tariffs of 25% connected alloy and aluminium imports took effect connected Wednesday arsenic anterior exemptions, work escaped quotas and merchandise exclusions expired.

($1 = 0.9178 euros)

(Reporting by Shubham Kalia successful Bengaluru; Editing by Jacqueline Wong and Kim Coghll)