European Union Approves Retaliatory Tariffs On Billions In US Imports

The European Union has approved $23 billion in retaliatory tariffs on U.S. goods in response to President Trump’s recent trade measures. The EU criticized the U.S. tariffs as unjustified and harmful, expressing a preference for a negotiated, balanced agreement. The new tariffs will take effect on April 15 but could be suspended if the U.S. agrees to fair terms.

This move follows Trump’s announcement of 20% tariffs on EU imports. Meanwhile, the U.S.-China trade war has intensified, with Trump imposing up to 104% in total tariffs on Chinese goods, prompting China to raise its tariffs on U.S. goods to 84%.