The European Union has officially retaliated against U.S. President Donald Trump’s trade policies by imposing its first set of tariffs on American products. Announced on Wednesday, the EU’s measures target over €20 billion worth of U.S. goods, including soybeans, motorcycles, and beauty products.
In a statement, the European Commission emphasized the possibility of suspending these tariffs if the U.S. agrees to a “fair and balanced negotiated outcome.” This move is in direct response to U.S. duties on steel and aluminum imposed earlier by the Trump administration.
While these are the first retaliatory steps, the EU has yet to reveal its response to the latest round of U.S. tariffs announced by President Trump. The escalating trade tensions between the two economic giants have sparked concerns over a potential trade war impacting global markets.
