EU announces 'countermeasures' to US steel, aluminum tariffs (www.dw.com)
from MicroWave@lemmy.world to world@lemmy.world on 12 Mar 2025 10:58
https://lemmy.world/post/26717301

Summary

The EU announced retaliatory tariffs on US goods after the Trump imposed up to 25% tariffs on EU steel and aluminum.

The EU’s measures, matching the $28 billion (€26 billion) impact, will target steel, aluminum, textiles, leather, home appliances, plastics, and agricultural products.

The tariffs will be phased in from April 1 to April 13. Trump claims tariffs address unfair trade, but critics warn they could harm US consumers and markets.

Financial concerns persist, but Trump insists on downplaying recession risks.

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