Brussels proposes 25% retaliatory tariffs on US products
The European Commission proposed a 25% counter-tariff on a range of U.S. products — including diamonds, eggs, dental floss, sausages, and poultry — in response to President Donald Trump’s steel and aluminum tariffs, Reuters reported on April 7.
The draft would see tariffs on some U.S. goods take effect May 16. Other measures, including counter-tariffs on almonds and soybeans, would begin on Dec. 1.
EU trade commissioner Maros Sefcovic said the retaliatory tariffs would have far less economic impact on EU countries than the earlier estimated EUR26 billion ($28.45 billion).
Notably, U.S. bourbon, wine, and dairy products were dropped from the initial list of goods considered for counter-tariffs in March. Earlier, the Commission had planned a 50% tariff on bourbon. That plan prompted Trump to threaten 200% counter-tariffs on European alcoholic beverages—a threat that particularly alarmed France and Italy, where the wine industry is a vital sector.
In addition to the tariffs, the EU on April 1 strengthened its existing trade restrictions on steel to cut imports by 15% and is considering quotas on aluminum imports.
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