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

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

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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.

  1. European Commission
    1. The EU considers U.S. tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy.
  2. FI
    Henna Virkkunen
    European Commission
    1. Of course, when needed, we have to also protect our industry and for our citizens and we are currently also preparing those measures.
    2. We don't want to have tariffs, we want to negotiate.
  3. HU
    Peter Szijjarto
    Fidesz
    1. Such measures would cause further damage to [the] European economy and citizens by raising prices. The only way forward is negotiations, not retaliation.
  4. IE
    Simon Harris
    Fine Gael
    1. This is a trading relationship that matters, and Europe has been very clear: we are up for a deal.
  5. IT
    Brando Benifei
    Italian Democratic Party
    1. If Trump escalates in front of our countermeasures, it will be inevitable to bring services into the discussion, which will hurt America and make more people [in the U.S.] realize that the president is going in the wrong direction.
  6. SK
    Maroš Šefčovič
    European Commission
    1. My feeling is that, at this stage, it is more of a decision of the U.S. administration to transform the global trading system, and they see the tariffs as a corrective measure for many of [their] political goals.
  7. BE
    André Sapir
    Bruegel
    1. I think they are looking at this as, 'There is damage being created, but we should be careful not to add damage to damage,'
  8. BE
    Cinzia Alcidi
    Center for European Policy Studies
    1. They must strike a balance between the necessary political response — demanding that the US stop its actions and adopting countermeasures — and the economic reality that implementing tariffs could ultimately be counterproductive for the European economy.

Trump's tariffs

  1. Donald Trump Announces 90-Day Tariff Reduction with China
  2. US and China Reach New Agreement on Tariffs After Ongoing Trade Negotiations in Geneva
  3. Donald Trump Proposes Significant Reduction in China Tariffs Amid Ongoing Trade Negotiations

sources

  1. 1.DW News
  2. 2.CNA News
  3. 3.Le Monde
  4. 4.The New York Times
  5. 5.The Guardian
  6. 6.The Washington Post
  7. 7.South China Morning Post
  8. 8.Agence France-Presse
  9. 9.Politico
  10. 10.Reuters
  11. 11.Times
  12. 12.Washington Post

perspectives

  1. 1.US under Donald Trump
  2. 2.Chinese Foreign Policy
  3. 3.US-China Relations
  4. 4.Immigration to the US
  5. 5.US Economy
  6. 6.Inflation
  7. 7.Trade Agreement
  8. 8.World Economy
  9. 9.US-India relations
  10. 10.Mexico under Claudia Sheinbaum
  11. 11.US-EU relations
  12. 12.United States–Mexico–Canada Agreement

countries

  1. 1.CanadaCA
  2. 2.SwitzerlandCH
  3. 3.ChinaCN
  4. 4.GermanyDE
  5. 5.FranceFR
  6. 6.United KingdomGB
  7. 7.HungaryHU
  8. 8.IrelandIE
  9. 9.ItalyIT
  10. 10.JapanJP
  11. 11.LuxembourgLU
  12. 12.NetherlandsNL

organizations

  1. 1.European Union
  2. 2.European Commission
  3. 3.Republican Party
  4. 4.White HouseUS
  5. 5.Bruegel
  6. 6.American Enterprise Institute
  7. 7.Center for European Policy Studies
  8. 8.EU Parliament
  9. 9.House of Representatives
  10. 10.Liberal Party
  11. 11.SignalUS

persons

  1. 1.Donald TrumpUS
  2. 2.Maroš ŠefčovičSK
  3. 3.Ursula Von Der LeyenDE
  4. 4.Viktor OrbanHU
  5. 5.André SapirBE
  6. 6.Brando BenifeiIT
  7. 7.Cinzia AlcidiBE
  8. 8.Elon MuskUS
  9. 9.Henna VirkkunenFI
  10. 10.Howard LutnickUS
  11. 11.James David VanceUS
  12. 12.Jeanna Smialek

technicals

  1. 1.Brexit
  2. 2.White House Rose Garden