EU approves more than €20 billion in retaliatory tariffs against the U.S.

The European Union (EU) has agreed to impose retaliatory tariffs on a total of $21 billion worth of US goods in response to the US tariffs on steel and aluminium. The tariffs, which will be introduced in stages, will affect a range of products including nuts, soybeans, meat, iron, steel, textiles, tobacco, and ice cream.