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The European Union responds to fees with an initial package on 3.2 billion dollars economy

manhattantribune.com by manhattantribune.com
9 April 2025
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The European Union responds to fees with an initial package on 3.2 billion dollars economy
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The European Union agreed to impose customs duties on American goods worth 21 billion euros (23.2 billion dollars) in response to the 25% customs duties imposed by President Donald Trump last month on the Federation’s exports of steel and aluminum.

The majority of the 27 European Union member states voted today, Wednesday, in favor of sanctions, some of which will begin in mid -April.

The drawings will target American political states, and include products such as soybeans from Louisiana, the home of Parliament Speaker Mike Johnson, as well as diamonds, agricultural products, poultry and motorcycles.

The European Commission, the Union’s executive arm, said in a statement that counter -procedures can be suspended at any time “if the United States agrees to a fair and balanced negotiating result.”

These measures are scheduled to enter into force in stages, on April 15, May 16 and December 1.

https://www.youtube.com/watch?v=gmxfc6-ec2i

This step is added to the growing via Atlantic trade war, as the United States also applied 20% comprehensive customs fees on almost all European exports, in addition to separate fees of 25% on cars and some auto parts.

Trump said that he will announce additional customs duties on wood and semiconductor chips and pharmaceutical products, and all the new Trump fees extend goods from the European Union worth 380 billion euros (approximately $ 419.3 billion).

attacks

Trump has repeatedly attacked the European Union, the largest commercial partner of the United States, saying it was formed to “disturb” the United States, and that the union surplus in goods trade is evidence of an unfair relationship. The average weighted customs tariff rate in the European Union was 2.7% in 2023, according to the data of the World Trade Organization.

“They reach the rules and regulations designed for only one reason: it is to prevent the sale of your products in those countries. We will not allow this to happen,” Trump said earlier this week.

The European Union Commercial Commissioner, Marus Sivkovic, has discussed the potential cooperation standards on trade issues with its American counterparts on Tuesday evening, according to a commission spokesman.

The talks have not yet made slight progress, and it seems that US officials have not yet obtained a clear negotiation mandate from Trump, according to people familiar with the discussions.

Tags: billiondollarseconomyEuropeanfeesinitialpackagerespondsUnion
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