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%.
European Union approves retaliatory tariffs on billions in US imports
April 9, 2025
Article from Fox Business by Stephen Sorace
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