EU to Impose Tariffs on US Goods Starting April 1st, 2024, Amid Trade War

The European Union is set to escalate its trade dispute with the United States, imposing tariffs on American goods starting April 1st, 2024. This move is a response to the U.S.'s tariffs on European steel and aluminum. The EU's countermeasures target iconic American products such as Harley Davidson motorcycles, bourbon, yachts, soybeans, and poultry, totaling €22.5 billion. The initial phase, beginning April 1st, will reinstate tariffs on a $4.5 billion package of U.S. goods. A more substantial wave of tariffs, valued at €18 billion, will follow on April 13th, targeting a wide range of products including meat, dairy, ginger, curry, industrial goods, and lumber. The EU aims to find alternative sources for these goods, reducing reliance on the U.S. Member states will finalize the decision after assessing national interests, with a qualified majority vote required. The EU's actions aim to offset the impact of U.S. tariffs on European industries, particularly those affected by the green transition.