The European Union (EU) has announced plans to impose tariffs on U.S. goods worth 26 billion euros (approximately $28.33 billion) starting next month. This move comes as a direct response to the United States’ increased tariffs on steel and aluminum imports.
European Commission President Ursula von der Leyen stated, “This matches the economic scope of the U.S. tariffs. Our countermeasures will be introduced in two steps. Starting with the first of next month and fully in place shortly after.”
The EU plans to end the current suspension of tariffs on U.S. products on April 1 and introduce a new package of countermeasures by mid-April. The response includes the reimposition of previously suspended rebalancing measures from 2018 and 2020, as well as the imposition of additional new measures.
“We are ready to engage in meaningful dialogue,” von der Leyen added. “I have entrusted Trade Commissioner Maros Sefcovic to resume talks to explore better solutions with the U.S.”
The United States recently increased tariffs by 25 percent on steel and aluminum imports after prior exemptions, duty-free quotas, and product exclusions expired.
This escalation in trade tensions between the EU and the U.S. has raised concerns about potential impacts on the global economy. Observers are watching closely as both sides express willingness to negotiate but prepare for possible prolonged disputes.
