Tag: trade war

EU Plans Counter-Tariffs on U.S. Goods Amid Trade Tensions

The European Commission plans to impose 25% tariffs on a variety of U.S. goods, including diamonds and almonds, in response to U.S. tariffs on steel and aluminum. The move aims to protect EU industries while also offering a potential 'zero-for-zero' agreement on industrial goods. Stakeholder consultations are ongoing to finalize additional tariffs, with some goods affected starting May 16.