The European Union responded on March 12 to U.S. President Donald Trump’s tariffs by targeting 26 billion euros ($28 billion) worth of American goods with countermeasures set to take effect next month.
The EU said the tariffs will apply to industrial-grade steel and aluminum, as well as semi-finished and finished steel and aluminum products, including derivative commercial goods ranging from machinery parts to knitting needles.
“We regret the unjustified US 25% tariff on steel and aluminium imports,” the EU Commission said in a post on the social media platform X. “We are launching swift, proportionate countermeasures worth up to €26 billion, matching the economic impact of the US tariffs.”…