Trade war escalates as EU imposes significant tariffs on US

Trade war escalates as EU imposes significant tariffs on US

The European Union has announced plans to impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods in response to the United States’ blanket tariffs on steel and aluminum. This decision comes as part of the escalating global trade war between the two economic powerhouses.

European Commission President Ursula von der Leyen explained that the measures being taken are strong but proportional to the U.S. tariffs, which total $28 billion. The EU is taking action to protect its consumers and businesses as it faces increased tariffs from the United States.

The European Commission will lift its current suspension of tariffs on U.S. products on April 1 and fully implement the new tariffs by April 13. The initial suspended tariffs applied to a range of products including boats, bourbon, and motorbikes. The EU will now begin a two-week consultation period to determine which other product categories will be subject to tariffs.

Meanwhile, U.S. President Donald Trump’s 25% tariffs on all steel and aluminum imports went into effect as exemptions, duty free quotas, and product exclusions expired. The trade tensions between the EU and the U.S. continue to escalate, with both sides taking measures to protect their own interests.

The implications of this trade war are significant, as it not only affects the economies of the EU and the U.S., but also has wider implications for global trade. The impact of these tariffs will be felt by consumers and businesses on both sides of the Atlantic, making it important for both parties to find a resolution to the ongoing dispute.

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Video “EU imposes major tariffs on US amid trade war” was uploaded on 03/12/2025 to Youtube Channel The Times and The Sunday Times