EU unveils €26 billion in retaliatory measures against Trump's steel tariffs.
EU Announces €26 Billion in Retaliatory Tariffs Against U.S. Steel Duties
LONDON – The European Union announced Wednesday that it would impose countermeasures on approximately €26 billion ($28 billion) worth of U.S. goods in response to the Trump administration's steel tariffs.
European Commission President Ursula von der Leyen emphasized the need to protect consumers and businesses, stating, "Tariffs are taxes. They are bad for business and even worse for consumers. These tariffs disrupt supply chains, create economic uncertainty, and put jobs at risk. Prices will rise both in Europe and the United States."
The EU's countermeasures are designed to mirror the economic impact of the U.S. tariffs and are set to take effect starting April 1, with full implementation by April 13, according to the commission.
"We remain open to negotiation," von der Leyen added.
This story is developing. Check back for updates.
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