EU and the UK Prepare Countermeasures Against US Tariffs

European Union countries plan to join forces to counter the tariffs imposed by the Trump administration, which could lead to significant economic consequences. In the coming days, European states are likely to approve the first package of targeted countermeasures regarding imports from the US.

This is reported by AgroReview

According to Reuters, 27 EU countries are already facing 25% import tariffs on steel, aluminum, and cars, as well as “reciprocal” tariffs of 20% on most other goods. These tariffs cover approximately 70% of the EU’s exports to the US, which are valued at €532 billion.

On Monday evening, the European Commission intends to present a list of American goods to the bloc’s members that will be subject to new tariffs. The total value of these goods could reach $28 billion, including meat, grains, wine, wood, clothing, as well as pilot jackets and toilet paper.

The UK is Also Responding

In turn, the UK has prepared a 400-page list containing 8,000 categories of American goods that may be subject to tariffs in response to Trump’s actions. This list covers about 27% of British imports from the US. Over the next four weeks, consultations with the business community will take place in the country, as the British government intends to find a compromise solution and will consider all possible options to reach an agreement with the US.