Tue, March 18, 2025
Mon, March 17, 2025
Sun, March 16, 2025
Sat, March 15, 2025
Fri, March 14, 2025
[ Fri, Mar 14th ] - Yahoo
The End of Politics
Thu, March 13, 2025
Wed, March 12, 2025
Tue, March 11, 2025
Mon, March 10, 2025

EU Launches $28 Billion Retaliation to Trump Tariff War


//politics-government.news-articles.net/content/ .. -28-billion-retaliation-to-trump-tariff-war.html
Published in Politics and Government on by Newsweek   Print publication without navigation

The European Union said it will impose retaliatory tariffs worth $28 billion on U.S. industrial and agricultural goods, following the Trump Administration's decision to raise tariffs on steel and aluminum imports to 25 percent. The EU tariffs will take effect on April 1 and be fully implemented by mid-month.

The European Union has initiated a €28 billion ($30 billion) trade retaliation against the United States in response to the Trump administration's steel and aluminum tariffs imposed in 2018. This move comes after the U.S. placed tariffs on EU steel and aluminum, citing national security concerns, which the EU contested at the World Trade Organization (WTO). The WTO ruled in favor of the EU, allowing them to impose retaliatory tariffs on American goods. The EU's countermeasures target a variety of U.S. products including Harley-Davidson motorcycles, bourbon whiskey, and power boats. This escalation in trade tensions highlights the ongoing friction between the U.S. and the EU, with the EU aiming to protect its industries and push for a resolution to the tariff dispute.

Read the Full Newsweek Article at:
[ https://www.msn.com/en-us/news/world/eu-launches-28-billion-retaliation-to-trump-tariff-war/ar-AA1AKBfq ]

Publication Contributing Sources