The European Union has announced retaliatory measures against the tariffs imposed by former U.S. President Donald Trump on steel and aluminum imports.
The EU’s countermeasures target up to $28 billion worth of American goods exports, impacting a range of industrial and agricultural products.
European Commission President Ursula von der Leyen voiced her concerns over the U.S. tariffs, stating, “Tariffs are taxes. They are bad for business and even worse for consumers. These tariffs are disrupting supply chains”.
“They bring uncertainty for the economy. Jobs are at stake. Prices will go up in Europe and in the United States.”
The EU’s initial countermeasures are set to take effect on April 1, with further measures expected later in the month.
