Europe Fights Back With $20B Retaliatory Tariffs

The EU confirmed that it will impose retaliatory tariffs on more than $20 billion worth of American goods, in what European officials describe as a direct response to President Donald Trump’s ongoing trade war. The Commission declared that it “considers U.S. tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy,” signaling the bloc’s strong opposition to recent U.S. measures on steel, aluminum, and other products.

According to sources in Brussels, 25% tariffs will soon apply to various US exports ranging from almonds to yachts, starting with duties collected on April 15 and May 15, with a final batch scheduled for December 1. European policymakers aimed these countermeasures at goods that can be easily replaced by non-US suppliers, but some items were also chosen for their political impact on Republican-leaning states.

All EU member states, except Hungary, voted in favor of the measures. Hungarian Foreign Minister Péter Szijjártó took to social media to criticize the decision and emphasized, “Such measures would cause further damage to [the] European economy and citizens by raising prices. The only way forward is negotiations, not retaliation.”

The new tariffs follow China’s announcement of an 84% levy on all US goods, up from a previously announced 34%.

EC President Ursula von der Leyen revealed that a “zero-for-zero” trade deal has been offered to the White House, a proposal initially floated back in 2018 to remove tariffs on both sides altogether. Recent remarks by billionaire businessman and Trump adviser Elon Musk have also hinted at support for a deal that eliminates tariffs.

However, observers remain divided over whether the Trump administration is using tariffs solely as a negotiating tactic or as a longer-term strategy to reshape American industry.


Information for this story was found via The Guardian and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

How to Still Find 10-Bagger Gold and Silver Stocks | Don Durrett

First Majestic Silver: Jerritt Canyon Is BACK!

Canada May Finally Be Backing Its Battery Supply Chain | John Passalacqua – First Phosphate

Recommended

Questcorp’s La Union Surface Program Delivers 20 g/t Gold Over 2.9 Metres In Channel Sample

Kirkland Lake Discoveries Drills 39.35 g/t Gold Over 16.4 Metres As Mirado Continues To Grow

Related News

Global Trade on Edge as Trump Targets BRICS With Tariff Threats

In a move reminiscent of his first term, U.S. President-elect Donald Trump has issued a...

Monday, December 2, 2024, 12:22:31 PM

Shipping Collapse Accelerates as Tariffs Trigger COVID-Level Disruption

The US shipping industry is experiencing a sharp and sudden contraction, with container bookings plummeting,...

Friday, April 25, 2025, 02:22:00 PM

Trump Wants To Abolish Income Tax, Shifts Federal Revenue Source From Tariffs Instead

US President Donald Trump has called on Congress to abolish federal income tax and have the country...

Tuesday, January 28, 2025, 12:10:00 PM

Poilievre Blasts Trump Tariffs, Announces Plan to Boost Canadian Investments

Conservative Leader Pierre Poilievre on Thursday called on US President Donald Trump to end his...

Friday, March 28, 2025, 11:40:00 AM

House Passes Measure To Rescind Trump Tariffs On Canada

The GOP-led House passed a Democratic-led resolution to rescind President Donald Trump’s tariffs on Canada,...

Thursday, February 12, 2026, 10:09:00 AM