EU imposes new tariffs on $23 billion in US goods in retaliation for Trump’s steel, aluminum tariffs
BRUSSELS (AP) — European Union member states have voted to approve retaliatory tariffs on $23 billion in goods in response to U.S. President Donald Trump’s 25% tariffs on imported steel and aluminum.
The tariffs will go into effect in stages, with some on April 15 and others on May 15 and Dec. 1. The EU executive commission didn’t immediately provide a list of the goods Wednesday.
Members of the 27-country bloc repeated their preference for a negotiated deal to settle trade issues: “The EU considers U.S. tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy. The EU has stated its clear preference to find negotiated outcomes with the U.S., which would be balanced and mutually beneficial.”
The head of the EU’s executive commission, Ursula von der Leyen, has offered a zero-for-zero tariffs deal on industrial goods including cars. But Trump has said that’s not enough to satisfy U.S. concerns.
More Stories
Eon swallows Ovo in £600m deal that crowns Germany’s biggest energy giant as Britain’s largest supplier
The German utility giant Eon has agreed to buy the retail arm of Ovo Energy in a transaction that will...
OpenAI mints hundreds of overnight millionaires as staff cash out $6.6bn in share sale
Roughly 600 staff at OpenAI have walked away with an average of $11 million (£8 million) apiece after cashing out...
SME funded launches one-stop finance platform to plug funding gap for britain’s builders and manufacturers
A new specialist finance platform aimed squarely at the UK’s construction and manufacturing sectors has launched in a bid to...
Vauxhall turns to China’s Leapmotor in bid to keep British motoring affordable
Vauxhall, one of Britain’s oldest and best-loved motoring marques, is to fit Chinese-engineered components in its vehicles for the first...
ProcurePro lands $11m to drag construction’s $13 trillion supply chain out of the spreadsheet era
Construction is an industry worth $13 trillion globally, yet it remains one of the least profitable on earth. Margins of...
MOD hands Musk’s Starlink £16m as Ukraine support drives satellite spend
The Ministry of Defence has handed £16.6m to Elon Musk’s Starlink over the past four years, with much of the...
