EU to Impose Tariffs on US Goods Starting April 2025 in Trade Dispute Response

In response to the US imposing tariffs on steel and aluminum imports, the European Union plans to implement tariffs on US goods worth 26 billion euros, starting in early April 2025. This retaliatory measure, set at 25%, aims to counteract the impact of US trade policies. The move comes after initial hopes that US President Trump would roll back tariffs following discussions with Canada, although tariffs on steel and aluminum remain. The EU's decision marks a significant escalation in the trade dispute between the US and Europe, with potential implications for various sectors. Market participants should closely monitor the developments as the tariffs could affect trade flows and economic relations between the two regions.