EU Approves 1st Retaliatory Tariffs On U.S. Imports

European Union (EU) member states have approved the implementation of initial retaliatory tariffs on imports from the United States, ranging from 10 to 25 percent. According to the European Commission, these tariffs will take effect next week.

The levies will specifically target items such as jeans and motorcycles originating from the United States.

Notably, U.S.-made whiskey and other alcoholic beverages were excluded from the European Commission’s initial proposed list.

Read Also: China Retaliates With 84% Tariffs On US Products

Further rounds of counter-tariffs are scheduled to be imposed in mid-May and at the end of the current year.

These later tariffs will affect a broader range of U.S. products, including beef, poultry, and citrus fruits like oranges and grapefruit.

Additional tariffs on nuts and soybeans are planned for implementation in early December.

The tariffs approved on Wednesday are a direct response to the U.S. tariffs on steel and aluminum imports that were imposed approximately one month prior.

EU calculations indicate that the U.S. measures impact European exports valued at 26 billion euros (28.8 billion U.S. dollars).

In contrast, the measures being implemented by Brussels target U.S. goods worth around 21 billion euros, according to EU sources.

The European Union has consistently emphasized its preference for diplomatic negotiations over an escalation of the ongoing trade dispute.

Furthermore, the EU is still actively working on a subsequent set of countermeasures in response to the more recently announced tariffs by President Donald Trump on cars and nearly all other EU exports to the United States.

President Trump’s tariff policy is reportedly aimed at addressing perceived trade imbalances and encouraging a shift in production back to the United States, while also partially offsetting tax reductions promised during his election campaign.

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