Trade Tariffs

Macroeconomics and Politics
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EU will impose counter-tariff on 26 billion euros worth of US good starting in April

  • The European Union said it will retaliate against Trump’s 25% tariff on Steel and Aluminum by imposing by imposing counter-tariff on 26 billion euros worth of US good starting in April.
  • The additional tariff imposed by Trump will affect €18 billion worth of goods while reimposing of suspended measures will affect €8 billion worth of goods.
  • The €26 billion of EU exports, corresponding to around 5% of the EU exports to the US and will result in US importers having pay to up to €6 billion in additional import tariffs.

https://ec.europa.eu/commission/presscorner/detail/en/qanda_25_750

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