{"id":6482,"date":"2025-04-06T17:36:35","date_gmt":"2025-04-06T17:36:35","guid":{"rendered":"https:\/\/www.newsmakers.com.pk\/en\/?p=6482"},"modified":"2025-04-06T17:36:47","modified_gmt":"2025-04-06T17:36:47","slug":"eu-to-hit-back-at-trumps-tariffs-with-28-billion-in-countermeasures-on-u-s-imports","status":"publish","type":"post","link":"https:\/\/www.newsmakers.com.pk\/en\/business\/eu-to-hit-back-at-trumps-tariffs-with-28-billion-in-countermeasures-on-u-s-imports\/6482\/","title":{"rendered":"EU to Hit Back at Trump\u2019s Tariffs with $28 Billion in Countermeasures on U.S. Imports"},"content":{"rendered":"\n

Web Desk:<\/strong> The European Union is preparing a coordinated response to U.S. President Donald Trump’s sweeping tariffs, with member states expected to approve initial countermeasures targeting up to $28 billion worth of U.S. imports<\/strong>\u2014ranging from dental floss to diamonds<\/strong>.<\/p>\n\n\n\n

This move would align the EU with China and Canada, who have already imposed retaliatory tariffs on U.S. goods, raising fears of a global trade war that could drive up consumer prices and destabilize economies worldwide.<\/p>\n\n\n\n

EU Faces Major Tariffs from the U.S.<\/h3>\n\n\n\n

Starting Wednesday, the 27-nation bloc will be hit with 25% tariffs on steel, aluminium, and cars<\/strong>, as well as 20% tariffs on most other exports<\/strong>. These new duties affect roughly 70% of the EU\u2019s exports to the United States<\/strong>, which totaled \u20ac532 billion ($585 billion)<\/strong> last year.<\/p>\n\n\n\n

Trump\u2019s tariff plans are expected to expand further, potentially impacting key sectors such as pharmaceuticals, semiconductors, copper, and timber<\/strong>.<\/p>\n\n\n\n

EU\u2019s Retaliatory Measures in Motion<\/h3>\n\n\n\n

In response, the European Commission\u2014the body responsible for EU trade policy\u2014is set to present a detailed list of U.S. products that could face additional duties. The proposed list includes:<\/p>\n\n\n\n

    \n
  • U.S. meat, cereals, and wine<\/strong><\/li>\n\n\n\n
  • Wood, clothing, and vacuum cleaners<\/strong><\/li>\n\n\n\n
  • Everyday products like chewing gum, toilet paper, and dental floss<\/strong><\/li>\n<\/ul>\n\n\n\n

    Notably, bourbon whiskey<\/strong> has become a flashpoint in the discussions. The Commission is considering a 50% tariff on the American spirit, prompting Trump to threaten a 200% retaliatory tariff on European alcoholic drinks<\/strong>, which has raised concerns, especially from wine-exporting nations like France and Italy<\/strong>.<\/p>\n\n\n\n

    EU Seeks Unity and Strategy Amid Trade Tensions<\/h3>\n\n\n\n

    On Monday, trade ministers from all 27 EU countries will convene in Luxembourg<\/strong> for the first EU-wide political meeting since Trump\u2019s announcement. The main goal: to deliver a united message\u2014ready to negotiate, but prepared to respond<\/strong>.<\/p>\n\n\n\n

    An EU diplomat stated:<\/p>\n\n\n\n

    \n

    \u201cOur greatest fear after Brexit was disunity in trade policy. But now, member states see the importance of standing together.\u201d<\/p>\n<\/blockquote>\n\n\n\n

    Divisions and Diplomacy<\/h3>\n\n\n\n

    While EU leaders agree on the need for a response, opinions vary on the approach:<\/p>\n\n\n\n

      \n
    • France<\/strong> supports a broader package of countermeasures, with President Emmanuel Macron suggesting European firms halt U.S. investments<\/strong> until there\u2019s clarity.<\/li>\n\n\n\n
    • Ireland<\/strong>, heavily reliant on U.S. trade, urges a measured and thoughtful<\/strong> strategy.<\/li>\n\n\n\n
    • Italy<\/strong>, the third-largest EU exporter to the U.S., has questioned the need for retaliation at all.<\/li>\n<\/ul>\n\n\n\n

      An EU diplomat explained the dilemma:<\/p>\n\n\n\n

      \n

      \u201cThe response must be strong enough to bring the U.S. to the negotiating table\u2014but not so harsh that it leads to dangerous escalation.\u201d<\/p>\n<\/blockquote>\n\n\n\n

      What\u2019s Next?<\/h3>\n\n\n\n

      Talks with Washington have so far failed to yield progress. EU trade chief Maros Sefcovic<\/strong> described his latest discussions with U.S. officials as \u201cfrank,\u201d calling the tariffs \u201cdamaging and unjustified.\u201d<\/strong><\/p>\n\n\n\n

      The EU\u2019s initial set of counter-tariffs will go to a vote on Wednesday<\/strong>, and unless a qualified majority (15 states representing 65% of the population) opposes it, the measures will be approved. The tariffs will be implemented in two phases<\/strong>\u2014with the first starting on April 15<\/strong> and the second a month later.<\/p>\n\n\n\n

      Meanwhile, EU Commission President Ursula von der Leyen<\/strong> will hold crucial talks this week with CEOs from the steel, automotive, and pharmaceutical sectors<\/strong> to evaluate the impact of U.S. tariffs and chart the path forward.<\/p>\n\n\n\n

      <\/p>\n","protected":false},"excerpt":{"rendered":"

      Web Desk: The European Union is preparing a coordinated response to U.S. President Donald Trump’s sweeping tariffs, with member states expected to approve initial countermeasures targeting up to $28 billion worth of U.S. imports\u2014ranging from dental floss to diamonds. This move would align the EU with China and Canada, who have already imposed retaliatory tariffs …<\/p>\n","protected":false},"author":1,"featured_media":6483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-6482","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business"],"yoast_head":"\nEU to Hit Back at Trump\u2019s Tariffs with $28 Billion in Countermeasures on U.S. Imports<\/title>\n<meta name=\"description\" content=\"The European Union plans retaliatory tariffs on $28 billion worth of U.S. goods, including wine, bourbon, and pharmaceuticals, in response to President Trump\u2019s sweeping trade measures.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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