The European Union is set to impose tariffs on approximately $28 billion worth of U.S. goods next month. This move is a direct response to the recent tariffs placed by President Donald Trump on imported steel and aluminum. Ursula von der Leyen, the president of the European Commission, announced the decision during a press conference.
The tariffs from the EU will include reinstated duties that were previously in effect during Trump’s first term, along with new taxes targeting products from Republican-led states. Von der Leyen expressed her disappointment over the U.S. tariffs, stating, “Tariffs are taxes. They are bad for business, and even worse for consumers.” She highlighted the negative impact on supply chains and the potential for rising prices and job losses in both Europe and the U.S.
The EU plans to implement these tariffs starting April 1, with full enforcement expected by April 13. Von der Leyen emphasized that the EU is still open to negotiations regarding trade. She stated, “We firmly believe that in a world fraught with geopolitical and economic uncertainties, it is not in our common interest to burden our economies with tariffs.”
Trump has recently used tariffs as a strategy against various countries, including Canada, China, and Mexico. However, the EU was only affected after Trump announced the 25% tariffs on steel and aluminum. He has claimed that the EU has taken advantage of the U.S. in trade matters, mentioning that they restrict U.S. cars and agricultural products while accepting many European goods.
As tensions rise, both sides appear to be preparing for a potentially contentious trade battle. The EU’s response reflects a commitment to protect its economic interests while leaving the door open for dialogue.