The European Union (EU) on Wednesday announced retaliatory trade measures against the U.S. with a slew of new tariffs on American industrial and farm products.
The European Commission is levying sweeping tariffs on up to $28 billion worth of U.S. goods, according to a press release. The EU’s decision comes after President Donald Trump’s 25% tariffs on all steel and aluminum imports from all U.S. trading partners went into effect at midnight Wednesday.
Notably, the Commission’s new tariffs particularly target products that predominantly come from Republican-led states. The retaliatory tariffs are set to begin taking effect on April 1, according to the press release.
Since returning to the Oval Office, Trump has been leading an effort to reshape the global trade industry and reduce America’s dependence on foreign countries as part of his broader “America First”…
