Close Menu
    Trending
    • U.N. nominee Mike Waltz defends Signal chat use
    • What Trump’s decision to send more weapons to Ukraine will mean for the war
    • Karoline Leavitt’s Claim About Trump Has People Doubting Her
    • D.C. police report 2 violations of citywide juvenile curfew
    • Europe is stuck in a bystander role over Iran’s nuclear program after US, Israeli bombs establish facts on the ground
    • Seth Meyers Stunned By What Trump Just Called His Supporters
    • Supreme Court to tackle more disputes over transgender youths in next term
    • George Conway Spots ‘More Evidence We Have A Ding-A-Ling President’ In Trump
    Donal Trump News
    • Home
    • President Trump News
    • Latest News
    • White House
    • News Updates
    • US News
    Donal Trump News
    Home»US News»European Union retaliates as Donald Trump’s metal tariffs take effect
    US News

    European Union retaliates as Donald Trump’s metal tariffs take effect

    preztrumpBy preztrumpMarch 12, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The European Union on Wednesday imposed “swift and proportionate” tariffs on U.S. items after President Trump’s 25% tariffs on all metal and aluminum imports went into impact.

    The EU known as the Trump-imposed tariffs unjustified and mentioned it fastidiously calibrated its response. It is going to permit paused tariffs from Mr. Trump’s first time period to return into impact on April 1. It is going to additionally problem a brand new bundle of retaliatory tariffs by mid-April in response to Mr. Trump’s plan to impose new levies on EU items.

    Collectively, the measures will impression 26 billion euros ($28.3 billion) price of U.S. items. The levies will hit a spread of on a regular basis merchandise, from farm items to American whiskey, which might impression crimson states.

    Europe mentioned the commerce relationship between the EU and the U.S. is the largest on the earth, however they’d no selection however to behave.

    “We deeply remorse this measure. Tariffs are taxes. They’re dangerous for enterprise, and even worse for shoppers. These tariffs are disrupting provide chains. They carry uncertainty for the economic system. Jobs are at stake,” mentioned Ursula von der Leyen, president of the European Fee, the manager arm of the EU. “The European Union should act to guard shoppers and enterprise. The countermeasures we take immediately are sturdy however proportionate.”

    Mr. Trump is waging commerce battles with associates and foes alike, saying he’s uninterested in commerce imbalances with different nations and seeing U.S. staff undercut by low-cost items from abroad.

    He’s planning to impose by April reciprocal tariffs on nations that impose taxes on U.S. items. Earlier this yr, he imposed new tariffs on Chinese language items and metal and aluminum from all international locations.

    Mr. Trump has taken explicit goal at Canada and the E.U., saying the deck is stacked in opposition to the U.S. however People have the financial leverage to struggle again.

    “They’ve actually taken benefit of us,” the president mentioned about Europe in a Cupboard assembly in February. “They don’t settle for our vehicles, they don’t settle for, basically, our farm merchandise. They use all kinds of the explanation why not. And we settle for every thing of them.”

    Elsewhere, Ontario threatened to impose a 25% tariff on Canadian electrical energy it sends to U.S. communities however backed down on Tuesday after Mr. Trump threatened to extend the steel tariffs on Canada from 25% to 50%.

    Tariffs are a tax or obligation paid by importers on the products they convey in from international markets. Mr. Trump says tariffs are a good way to drive firms to return to America or hold their operations within the U.S., make use of American staff and create income to fund home packages.

    The White Home incessantly characterizes tariffs as a tax on international entities, although different nations don’t pay the tariffs on to the U.S. Treasury. In lots of instances, U.S. firms which are the “importers of document” can pay the levies, and so they would possibly go on at the very least a few of the value to shoppers by means of larger costs.

    Shares on Wall Road have been tanking for 3 weeks as a result of traders don’t just like the uncertainty round commerce coverage. Some traders worry a recession.

    The White Home says the U.S. economic system is in transition and can enhance as soon as Republicans implement their tax cuts and slash laws.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleThe US has lifted its intelligence sharing pause with Ukraine. But the damage may already be done
    Next Article Marie Skłodowska-Curie: A Legacy of Innovation and Empowerment for Women in Science
    preztrump
    • Website

    Related Posts

    US News

    U.N. nominee Mike Waltz defends Signal chat use

    July 15, 2025
    US News

    D.C. police report 2 violations of citywide juvenile curfew

    July 15, 2025
    US News

    Supreme Court to tackle more disputes over transgender youths in next term

    July 15, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    GOP Senators Want Trump To Release Epstein Files

    January 29, 2025

    Elon Musk Suggests U.S. Withdrawal From NATO And United Nations

    March 2, 2025

    Republican Senator Slams Hegseth For ‘Rookie Mistake’ On Ukraine

    February 14, 2025

    Yoon Suk Yeol removed from office by South Korea Constitutional Court

    April 4, 2025

    Pam Bondi, Donald Trump’s attorney general nominee, advances to final vote in Senate

    February 4, 2025
    Categories
    • Latest News
    • News Updates
    • President Trump News
    • US News
    • White House
    Most Popular

    TikTok users gamble on the next pope as Vatican sets May 7 conclave

    April 29, 2025

    Threat Status podcast: Will China beat the U.S. to Mars?

    January 31, 2025

    Indonesia Orders Halt Of Tourism Projects Linked To Trump

    February 7, 2025
    Our Picks

    Labor Official Fired By Trump Sues For Reinstatement

    February 6, 2025

    Body Language Experts Weigh In On Trump’s 2025 Portrait

    January 18, 2025

    Mike Waltz Suggests Journalist May Have Intentionally Infiltrated ‘War Plans’ Group Text

    March 26, 2025
    Categories
    • Latest News
    • News Updates
    • President Trump News
    • US News
    • White House
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2025 Preztrump.news All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.