On Wednesday, the European Union announced that responsible commercial actions with new duties of US industrial and agricultural products, answering the triumphant administration of all steel and aluminum imports to 25 percent.
The world's largest trading alliance was waiting for US tariffs and prepare before, but the funds still strain in the tense transatlantic relations. Only last month Washington warned Europe that would have to take care of her own security in the future.
The EU funds will include goods from the United States to about 26 billion euros ($ 40 billion CDN), and not only steel and aluminum products. Fabrics, household appliances, agricultural products will be hit by tariffs, as well as motorcycles, Bourbon, peanut butter and jeans, about which the latter was also taxed within the first term of US President Donald Trump.
EU responsibilities are aimed at putting pressure in the United States, at the same time minimizing additional damage to Europe. Tariffs: import taxes, mainly in the Target Republican States, at home Soy speaker Mike Johnson Louisiana, as well as beef and poultry farming and poultry farming. The producer of Alabama, Georgia and Virginia also lists.
The European Commission, which manages trade and commercial conflicts on behalf of 27 EU member states, said that agricultural products outside the beef and poultry farming will be hit, including some seafood, nuts, eggs, sugar and vegetables.
European Commission President Ursula Von der Leyen said that the alliance would “always remain open talks.”
“Because the United States is $ 28 billion worth of tariffs, we respond to 26 billion euros in counter-arguments,” he said. “We are convinced that in the world of geopolitical and economic uncertainty, in the world, our common interests are not in the overload of tariffs.”
Prime Minister Justin Trudddan met with the leader of NATO and EU officials in Brussels, hoping to promote trade and economic ties, as Canada looks at the possible trade war with the United States.
Trump said that his taxes would help create US factory jobs, but von der Lane said. “Jobs are endangered. In Europe and the United States.
“We are deeply saddened by this event. Tariffs are taxes. They are bad for business and even worse for consumers. These tariffs are hindered by supply networks, “he said.
The US Chamber of Commerce said that US tariffs and EU response “will only damage the work, prosperity and security on both sides of the Atlantic.”
“Both sides must deuce and find a negotiation result immediately,” the chamber said Wednesday.
Trump slapped Similar tariffs on the EU Steel and aluminum during his first term, which annoys European and other allies. The EU was in opposition at that moment in retaliation.
This time, the operation of the operation will include two steps. First of all, on April 1, the commission will recover what it calls to “transform funds”, which the EU has had since 2018 and 2020, but then stopped under Bayden's administration. Then, on April 13, let the additional responsibilities that target 18 billion euros ($ 19.6 billion) US exports.
In the part of US President Donald Trump, he gave a very obvious cork to Canada public and politicians when they are trying to navigate the continuous commercial war. Former President George Bush, David Fram, David Fram, stops by government and politics to reflect the possible loss of Canada-US relations and we think may continue in the head of Trump.
EU Commissioner for Trade Maros Sepkovich traveled to Washington for a reduction in tariffs, meeting with US Secretary of State Howard Lutnik and other trade officials.
He said Wednesday that it became clear during the journey, “Which EU is not the problem?”
“I argued to avoid unnecessary burden and reactions of events, but a partner needs a partner.
According to the Euro Council of Europe, the EU may lose up to 3.7 million tons of steel exports. The United States is the second largest export market for EU steel manufacturers, which presents 16 percent of EU steel exports.
The EU assesses that the annual volume of trade between the two sides is about $ 1.5 trillion, presenting about 30 percent of global trade. Although the Alliance has a significant excess of exports in goods, they say that they are partially compensated for service in the field of service.
At the same time, Britain, which is part of the EU, says it will not impose its own response to the United States
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