Site icon Wordup News Bytes

Brussels eyes 25 percent levy on various US goods in response to Trump’s metals tariffs – POLITICO

Brussels eyes 25 percent levy on various US goods in response to Trump’s metals tariffs – POLITICO


The European Commission is considering slapping tariffs of up to 25 percent on a broad range of exports from the United States in response to tariffs imposed on steel and aluminum by U.S. President Donald Trump, according to an internal Commission document seen by POLITICO.

The EU executive wants to impose a 25 percent duty on a wide range of U.S. exports, including soybeans, sweet corn, rice, almonds, orange juice, cranberries, tobacco, iron, steel, aluminum, certain boats and vehicles, textiles and certain clothes, and various types of makeup.

The total amount of U.S. exports hit by the EU’s tariffs is €22.1 billion based on the EU’s 2024 imports, according to public Eurostat figures, falling short of the Commission’s estimates of hitting €26 billion to “mirror” the damage from Trump’s steel and aluminum tariffs.





Source link

Exit mobile version