News - EU retaliates against US steel and aluminum tariffs with countermeasures
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EU retaliates against US steel and aluminum tariffs with countermeasures

 

BRUSSELS, April 9 (Xinhua de Yongjian) In response to the U.S. imposition of steel and aluminum tariffs on the European Union, the European Union announced on the 9th that it had adopted countermeasures, and proposed to impose retaliatory tariffs on U.S. products exported to the European Union from April 15th.

 

According to the announcement released by the European Commission, the day the EU's 27 member states to vote, and ultimately support the EU to the United States steel and aluminum tariffs to take countermeasures. According to the EU schedule, it is proposed to impose retaliatory tariffs on U.S. products exported to Europe from April 15th.

 

The announcement did not disclose the EU tariff rates, coverage, total product value and other content. Earlier, media reports said that from April 15, the EU will resume the retaliatory tariffs imposed in 2018 and 2020 to counteract the U.S. steel and aluminum tariffs in that year, covering U.S. exports of cranberries, orange juice and other products to Europe, with a tariff rate of 25%.

 

The announcement said that the U.S. steel and aluminum tariffs on the EU are unjustified and will cause damage to the U.S. and European economies and even the global economy. On the other hand, the EU is willing to negotiate with the U.S., if the two sides reach a “balanced and mutually beneficial” solution, the EU can call off countermeasures at any time.

 

In February this year, U.S. President Donald Trump signed a document announcing that he would impose 25% tariffs on all U.S. imports of steel and aluminum. on March 12, the U.S. steel and aluminum tariffs officially came into effect. In response, the EU said that the U.S. steel and aluminum tariffs are equivalent to taxing their own nationals, which is bad for business, worse for consumers, and disruptive to the supply chain. The EU will take “strong and proportionate” countermeasures to protect the rights and interests of EU consumers and businesses.

 

 

 

(The above information has been reprinted.)

 

 


Post time: Apr-10-2025

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