EU seeks unity in first strike back at Trump tariffs [View all]
Source: NBC News/Reuters
April 6, 2025, 6:40 AM EDT / Source: Reuters
BRUSSELS — European Union countries will seek to present a united front in the coming days against U.S. President Donald Trump’s tariffs, likely approving a first set of targeted countermeasures on up to $28 billion of U.S. imports from dental floss to diamonds.
Such a move would mean the EU joining China and Canada in imposing retaliatory tariffs on the United States in an early escalation of what some fear will become a global trade war, making goods more expensive for billions of consumers and pushing economies around the world into recession.
The 27-nation bloc faces 25% import tariffs on steel and aluminum and cars and “reciprocal” tariffs of 20% from Wednesday for almost all other goods. Trump’s tariffs cover some 70% of the EU’s exports to the United States — worth a total of $585 billion last year — with likely duties on copper, pharmaceuticals, semiconductors and timber still to come.
The European Commission, which coordinates EU trade policy, will propose to members late on Monday a list of U.S. products to hit with extra duties in response to Trump’s steel and aluminum tariffs rather than the broader reciprocal levies.
Read more: https://www.nbcnews.com/news/world/eu-seeks-unity-first-strike-back-trump-tariffs-rcna199887
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