EU Set to Introduce Retaliatory Tariffs on $26 Billion of American Products
The European Union has announced the implementation of counter tariffs on US goods valued at €26 billion (approximately $28 billion) beginning next month. This move marks a significant escalation in the ongoing global trade tensions, prompted by the blanket tariffs imposed by the United States on steel and aluminum imports.
In response to these trade dynamics, US President Donald Trump has activated increased tariffs of 25% on all steel and aluminum imports, which took effect as previous exemptions and duty-free quotas…