European Union Says Its Countermeasures to Us President Donald Trump's Tarifs will go into Effect on April 1, 2025 -

European Commission President Ursula von der Leyen. File | Photo Credit: Reuters

The European Union (EU) on Wednsday (March 12, 2024) Announced retaliatory trade action after the donald trump Administration Officially Increased Tarifs Duties on Industrial and Agricultural Products that will Go Into Effect April 1, 2025.

“As the US are applying tariffs what 28 billion dollars, we are responsives with countermeasures to 26 billion euros ($ 28 billion),” European Commission PrMMISISION URSALA VORSALA VOSALA VOSALA VONDEN SARLA VONDEN SARLA

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“We will always remain open to negotiation. We firmly believe that in a world fraudhet with geopolitical and economy uncertaintes, it is not in our community to burden our economies with tarifs, ” von der leyen said.

The commission also said steel and aluminum products would be hit in return, but also attels, leather goods, home appliances, house tools plastic and wood. Agricultural products will also be impacted – Including poultry, beef, some seafood, nuts, eggs, sugar and vegetables.

President Donald Trump said his taxes would help create us factory jobs, but ms. von der leyen said: “Jobs are at stake. Prices will go up. In europe and in the united states. “

“We Deeply Regret this Measure. Tarifs are taxes. They are bad for business, and even WorsE for Consures. These tariffs are disruptting supply chains. They brings uncertain for the economy, “She said.

“European Steel Companies have been bracing for losses. It will further worsen the situation of the european steel industry, exacerbating an already dire market environment, “Henrik Adam, President of the Eurofan Steel Association, SAID LAST MONTH.

He said the eu could lose up to 3.7 million tonnes of steel expenses. The united states are the second biggest expert market for eu steel producers, representing 16% of the total eu steel expenses. “Losing a significant part of these expenses cannot be commented by eu experts to other markets,” MR. Adam said.