Home » European Union Approves Retaliatory Tariffs On American Goods

European Union Approves Retaliatory Tariffs On American Goods

The European Commission voted on Wednesday to impose retaliatory tariffs on American goods in response to President Donald Trump’s decision to levy a tariff on European steel and aluminum. The commission plans to impose tariffs on more than $20 billion of U.S. goods in response to the 25% tariff Trump placed on European steel and …

The European Commission voted on Wednesday to impose retaliatory tariffs on American goods in response to President Donald Trump’s decision to levy a tariff on European steel and aluminum.

The commission plans to impose tariffs on more than $20 billion of U.S. goods in response to the 25% tariff Trump placed on European steel and aluminum. The response comes as an additional 20% tariff on imports from the European Union went into effect at midnight on Wednesday.