The European Union approved the definitions of about 21 billion euros (23.2 billion dollars) of American goods in retaliation for the duties imposed by Donald Trump by 25 % last month on steel and aluminum exports in the mass.
The majority of the 27 European Union member states voted on Wednesday in favor of sanctions, some of which will begin in mid -April. The definitions will target politically sensitive American countries and include products such as Louisiana soybeans, the home of Parliament Speaker Mike Johnson, as well as diamonds, agricultural products, poultry and motorcycles.
The European Commission, the executive arm of the bloc, said in A.statementThe counter measures can be suspended at any time “if the United States agrees to fair and balanced results.”
This step adds to the growing viated Atlantic trade war, as the United States also applied a 20 % global tariff to almost all European exports in addition to a 25 % separate duty on cars and some automatic parts. Trump said he will announce an additional tariff on wood, semiconductor chips and pharmaceutical products. All new definitions of Trump reaches about 380 billion euros of European Union commodities.
Bloomberg stated that some of the European Union tariffs will be valid on April 15, while another list will be imposed in mid -May and a third will start on December 1. Most targeted goods face a 25 % tariff level, with a few groups to face 10 % of the fees.
Bourbon was removed from the mass list amid pressure from member states after Trump threatened 200 % of the duties of wine, champagne and other alcoholic drinks from France and other places.
Trump has repeatedly attacked the European Union, the largest trading partner of the United States, saying it was formed for “walking” for the United States and that the surplus of the mass was evidence of an unfair relationship. The average weighted tariff for the European Union was 2.7 % in 2023, according to the data of the World Trade Organization.
Trump said earlier this week: “They reach the rules and regulations just designed for one reason: you cannot sell your product in those countries,” Trump said earlier this week. “We will not let that happen.”
The European Union Trade President, Marus Sivkovic, discussed the criteria for potential participation in commercial issues with his American counterparts late on Tuesday, according to the committee spokesman. The talks have not yet resulted in little progress yet, and US officials have not appeared after they had a clear authorization to negotiate from Trump, according to people familiar with the discussions.
The executive arm of the bloc works on a “term sheet” of possible negotiation fields, including low definitions, regulations and standards, previously said Bloomberg.
On Wednesday’s vote on the unity in the capitals of the European Union in the face of Trump’s escalating trade conflict. American measures are threatened to survey a lot of expansion in the euro area predicted by the European Central Bank for this year and micrud.
In addition, the committee, which undertakes the commercial matters of the bloc, is a set of anti -revenge measures from the so -called mutual definitions that came into effect on Wednesday. A spokesman for the committee said that it is planning to announce its plans early next week, and then the consultations with member states begin.
Global definitions aim to target all commercial barriers facing American exports abroad, such as duties, local regulations and taxes, including value -added tax. The Chairman of the Committee, Ursula von der Layen, has already said that the European Union “carries a lot of cards”, including reprisals and targeting American services and technology companies.
France, Germany and other countries called on the committee to consider the publication of the arc to tool in the bloc-the strongest commercial tool for the European Union, designed for a response against countries that use commercial and economic measures forcibly.
The bloc still wants to find a solution that has been negotiated to the conflict of tariffs, but has so far failed to participate in meaningful negotiations with the American administration.
For the European Union, the battle began on the tariff of American minerals in 2018 during the first period of Trump, when the United States reached nearly $ 7 billion of European steel and aluminum exports with duties, citing concerns about national security. At that time, Brussels officials mocked the idea that the European Union posed such a threat.
In these first sulfo, the United States struck 25 % of the customs tariffs and aluminum by 10 %, and included exemptions for some products.
The reaction of the bloc was 27 countries by targeting sensitive companies politically with reprisals, including Harley-Davidson Inc. motorcycles. And Levi Strauss & Co. jeans. The measures were applied with a product separately and included agricultural commodities and clothes in addition to steel and aluminum products.
The two sides agreed to a temporary truce in 2021, when the United States partially removed its measures and provided a set of customs tariffs stakes that are applied to the minerals, while the European Union froze all its restricted measures.
This story was originally shown on Fortune.com
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2025-04-09 13:28:00
