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Home Steel News EU approves EUR 21 billion retaliatory tariffs on US goods
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EU approves EUR 21 billion retaliatory tariffs on US goods

14 Apr 2025 15:03 reported by Joy Liu

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The European Union member states voted and approved retaliatory tariffs on EUR 21 billion in US goods in response to US President Trump’s 25% tariffs on imported steel and aluminum. The tariffs will be effective in stages on April 15, May 15, and December 1. The EU did not release a list of targeted goods and repeated their preference for a negotiated solution.

The EU called the US tariffs unjustified and harmful to both economies. The targeted products are a small portion of EU-US trade totaling about EUR 1.6 trillion annually.

President of the European Commission Ursula von der Leyen proposed a zero-tariff deal on industrial goods, including cars, but Trump rejected it. The EU aims to apply pressure with limited tariffs and is preparing a broader response, possibly targeting US tech companies and the services sector. French Economy and Finance Minister Eric Lombard said the goal is to push for fair negotiations and protect all sectors.

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