The EU responds to the new 25% tariffs imposed by the US on European steel and aluminum with equivalent countermeasures.
As of April 1, the EU will reactivate trade sanctions suspended since 2018 and 2020. In mid-April, it will apply new measures against US products, affecting in total €26 billion in US exports, matching the impact of the tariffs.
The President of the European Commission, Ursula von der Leyen, regretted the US decision, warning that it harms trade, increases prices and generates economic uncertainty. The EU remains willing to negotiate, but will act to protect its companies and consumers.
Trump’s tariffs will result in losses of €8 billion in EU steel and aluminum exports.
Von der Leyen reiterated her willingness to be open to negotiating a solution and reminded the Trump Administration that EU-US trade relations are the largest and most far-reaching in the world and have generated prosperity and jobs. Von der Leyen reiterated her willingness to be open to negotiate a solution and reminded the Trump Administration that EU-US trade relations are the largest and most far-reaching in the world and have generated prosperity and employment. These new tariffs on steel and aluminum hurt everyone, both companies and users; they necessarily imply a rise in prices and generate uncertainty at the economic level.
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