202503.12
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EU to impose tariffs on $28 billion worth of US goods

by in Economy, Business

A visually striking representation of trade tensions between the EU and the US. Two large cargo ships face each other—one decorated with the EU flag and the other with the US flag. Between them, a bold "TARIFFS" sign is displayed, symbolizing economic restrictions. The background features a financial graph with declining arrows, illustrating economic impact. The atmosphere is serious and businesslike, reflecting the consequences of the tariffs.

The European Union will impose tariffs on $28 billion worth of US goods, Reuters reported, citing the European Commission.

Today, 25% tariffs imposed by US President Donald Trump on steel and aluminum imports came into force.

In response to the US President’s decision, the European Commission said the EU would take countermeasures against US products in April.

“This is in line with the economic scale of the US tariffs. Our retaliatory measures will be implemented in two stages. They will start on April 1 and will be fully implemented on April 13,” said European Commission President Ursula von der Leyen.

In addition, Ursula von der Leyen said that the EU is ready for a constructive dialogue.

For information, yesterday, US President Donald Trump threatened Canada with a 50% increase in tariffs on steel and aluminum imported into the US, but later abandoned the plan after the Premier of the Canadian province of Ontario, Doug Ford, suspended the imposition of a 25% surcharge on electricity exports from Ontario to the states of Minnesota, New York and Michigan.