EU Commission proposes 25% counter-tariffs on some US imports

The European Commission on Monday proposed counter-tariffs of 25% on a range of US goods in response to President Donald Trump’s tariffs on steel and aluminium.
The tariffs on some goods are said to be taking effect from May 16 and others later in the year, on December 1.

Media Talk Africa reports that the goods are wide-ranging and include diamonds, eggs, dental floss, sausages and poultry, while the counter-tariffs on almonds and soybeans will take effect on December 1.

Recall that EU trade chief Maros Sefcovic said earlier on Monday that the counter-tariffs would have less impact than the previously announced 26 billion euros ($28.45 billion).

The Commission had earmarked a 50% tariff on bourbon, which had triggered Trump to threaten a 200% counter-tariff on EU alcoholic drinks if the bloc went ahead.

Trump’s threat worried France and Italy in particular because of their significant wine industries.

In addition to the counter-tariffs, the EU already tightened existing safeguards on steel on April 1 to reduce imports by 15%.

The Commission is also eyeing import quotas for aluminium as its member states are due to vote on this proposal on April 9.

You may also like

Recent News

Libya signs $20 billion oil deal with TotalEnergies and ConocoPhillips

Libya signs 25 year oil deal with TotalEnergies ConocoPhillips

AFCON: APC wont add super eagles game to their list of achievements - Speed Darlington rejoices

Nigeria’s Speed Darlington reveals US left him with criminal records

Kwankwaso’s son resigns as Kano commissioner — Daily Nigerian

Kano Commissioner Resigns From Cabinet Position Suddenly

Osun: Adeleke defends economic policies, faults APC blueprint

Adeleke Orders Ex-APC Officials to Vacate Osun Local Govt Secretariats

Scroll to Top