12.03.2025 19:50
A swift retaliation came from Europe in response to U.S. President Donald Trump's tariffs aimed at reshaping global trade in favor of the United States. The European Commission announced that it would impose retaliatory tariffs on a range of products worth 26 billion euros imported from the U.S. Trump stated that they would apply the same tariffs to the EU, saying, "The EU was created to take advantage of the U.S."
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U.S. President Donald Trump's imposition of a 25% tariff on steel and aluminum imports to protect American steel and aluminum producers has led to additional taxes on hundreds of metal-based products such as nuts, bolts, bulldozer blades, and soda cans.
HEAVY RETALIATION FROM THE EU TO TRUMP The European Commission announced that it would respond quickly to the U.S. tariffs by imposing retaliatory tariffs on a range of products worth 26 billion Euros imported from the U.S. starting next month.
European Commission President Ursula von der Leyen "WE ARE READY TO ENGAGE IN MEANINGFUL DIALOGUE..." European Commission President Ursula von der Leyen stated, "We are ready to engage in meaningful dialogue... In a world filled with geopolitical and political uncertainties, we do not believe it is in our common interest to burden our economies with such tariffs." Von der Leyen announced that she has tasked the European Commission's Trade Commissioner Maros Sefcovic to resume talks with the U.S.
CANADA IMPOSED A 25% TAX ON PRODUCTS IMPORTED FROM THE U.S. Canada retaliated against the 25% tariff imposed by the U.S. on steel and aluminum imports. A 25% additional customs duty was imposed on products worth 29.8 billion Canadian dollars imported from the U.S.
CHINA AND JAPAN ALSO SOUND THE ALARM The Chinese Ministry of Foreign Affairs stated that Beijing would take all necessary measures to protect its rights and interests. Japanese government officials said that this decision could have a significant impact on U.S.-Japan economic relations.
U.S. President Donald Trump TRUMP'S TARIFFS AFFECTED 4 COUNTRIES THE MOST The countries most affected by these tariffs were Canada, the largest supplier of steel and aluminum to the U.S., as well as Brazil, Mexico, and South Korea. These countries previously benefited from certain exemptions or quota arrangements. The 27 EU member states appear to be less affected for now. Germany's Kiel Institute predicts only a 0.2% decline in the EU's economic output.
Source: AA / ANKA / IHA
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