EU Imposes Tariffs on $23 Billion in U.S. Imports in Retaliation for Trump’s Trade Measures
The EU voted to impose tariffs on U.S. goods in response to Trump's aluminum and steel tariffs, starting in phases from April to December 2023.
Overview
The EU has voted to implement retaliatory tariffs on $23 billion worth of U.S. goods, countering President Trump's 25% tariffs on European aluminum and steel. Set to occur in phases beginning April 15, the EU aims to pressure the U.S. into negotiations, asserting these tariffs are 'unjustified and damaging' to both economies. While the EU is targeting products such as meat and clothing, it signals a preference for a mutually beneficial resolution. Only Hungary opposed the tariffs, highlighting the EU's unified stance against U.S. trade policies.
Content generated by AI—learn more or report issue.
Get both sides in 5 minutes with our daily newsletter.
Analysis
Analysis unavailable for this viewpoint.
Articles (3)
No highlight available for this article.
Straight Arrow News·3M·No highlight available for this article.
New York Sun·3M·No highlight available for this article.
Breitbart News·3M·FAQ
The EU tariffs will target U.S. goods such as soybeans, steel, motorcycles, and possibly meat and clothing[1].
The article does not provide specific reasons why Hungary opposed the tariffs, but generally, member states may oppose tariffs due to differing economic interests or concerns about retaliatory measures[2].
The EU aims to leverage tariffs to negotiate a balanced trade deal with the U.S., while also considering other measures like the anti-coercion instrument to protect EU interests.
History
- This story does not have any previous versions.