EU to retaliate against U.S. metal tariffs

European leaders have vowed a tough response after U.S. President
Donald Trump announced that 25% tariffs on all steel and aluminium
imports would take effect on March 12


U.S. GOODS TARGETED BY EU DURING TRUMP’S FIRST TRADE WAR
U.S. exports to European Union, 2023 (€ million)

Bourbon and whisky	959.2
Iron, steel, aluminium	883.3
(and products)
Others			559.0
Cosmetics		540.4
Electronics, electrical	496.7
appliances
Glass, glass products	444.4
Playing cards		336.6
Agricultural products	257.7
Footwear, textiles	178.2
Motorcycles		167.1
Boats, yachts		19.0
Tobacco products	15.4

Note: EU imports from U.S. of goods
listed under annexes I and II of the
commission implementing regulation
(EU) 2018/886 of Jun 20, 2018


European Commission President
Ursula von der Leyen says U.S.
move would be met by “firm and
proportionate countermeasures“

2025:
EU could
impose levies
of up to 50%
on €4.8bn of
U.S. imports

Products targeted
would include
bourbon whisky,
Harley-Davidson
motorcycles,
motorboats and
some steel and
aluminium


Sources: Bloomberg, Financial Times 
Picture: Getty Images 
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