The EU will respond to US tariffs on steel and aluminium by imposing duties on goods from the US worth 26 billion euros. The EU Commission announced this on Wednesday morning in a press release according to the news agency Reuters. The value corresponds to almost 194 billion kroner. The change in tariffs on US goods will be introduced next month, the Commission said.
It is not clear whether this applies to all US goods. A US tariff of 25 percent on imported steel and aluminium came into effect early Wednesday morning.
According to the White House, it is "without exceptions or waivers". This means that the tariffs apply to all US imports of both metals.
The new taxes are just the latest in a series from Donald Trump. The US president wants to increase the incentive to produce within the country's borders by imposing tariffs on foreign products. Critics of Trump, on the other hand, say that he has started a trade war that will harm the United States.
The EU is ready to take a different path
On Wednesday, European Commission President Ursula von der Leyen said that the EU is upset about the new US tariffs. The EU is ready to take a different path, she said.
- We are ready to engage in a meaningful dialogue. I have asked Trade Commissioner Maros Sefcovic to resume talks where better solutions can be found with the United States.
In the meantime, the plan is ready for the EU. On April 1, a pause in tariffs on American products will be lifted. Barely two weeks later - on April 13 - a new package of economic measures will be presented, says von der Leyen.
The largest share of steel imported into the United States comes from Canada, Mexico and Brazil. This is shown by data from the US government and the American Steel Industry Association, AISI.
During his first term in office, Donald Trump also imposed a 25 percent tariff on foreign steel, while at the same time imposing a 10 percent tariff on aluminum.
Later, the president introduced duty-free quotas for steel and aluminum imports from neighboring countries, including Canada and Mexico. The duty-free quotas were expanded to include the EU and the UK while Joe Biden was president.
/ritzau/
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