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The European Union on Wednesday imposed “swift and proportionate” tariffs on U.S. goods after President Trump’s 25% tariffs on all steel and aluminum imports went into effect.
The EU called the Trump-imposed tariffs unjustified and said it carefully calibrated its response. It will allow paused tariffs from Mr. Trump’s first term to go back into effect on April 1. It will also issue a new package of retaliatory tariffs by mid-April in response to Mr. Trump’s plan to impose new levies on EU goods.
Together, the measures will impact 26 billion euros ($28.3 billion) worth of U.S. goods. The levies will hit a range of everyday products, from farm goods to American whiskey, which would impact red states.