After China, EU Hits Back at Donald Trump with Tariffs on €21 Billion Worth of US Goods

In a move to hit US goods worth around €21 billion ($23.2 billion) in counter-tariffs, the European Union has approved tariffs aimed at attacking President Donald Trump for those 25 percent duties on the bloc steel and aluminum exports last month.

A majority of the 27 EU member states voted on Wednesday in favor of the penalties, part of which would come into effect mid-April. The tariffs penetrate politically sensitive American states, including soybeans from Louisiana, specifically for House Speaker Mike Johnson, and extend to diamonds, agricultural products, poultry, and motorcycles.

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This comes after China retaliated against the introduction of 104 percent tariffs on goods imported to the US from the country. Beijing laid an 84 percent levy on imports from America.

Some of these tariffs by the EU will take effect in mid-April, another list during mid-May, while the third will take effect late this year on December 1, according to Bloomberg. Most of the goods targeted will face 25 percent tariff levels, although some would face 10 percent levies.

Bourbon was removed from the blacklist of the bloc under pressure from member states after Trump threatened to implement 200 percent duty on wine, champagne, and other alcoholic beverages from France and among others.

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China's retaliation against Donald Trump's tariffs

The Chinese finance ministry on Wednesday announced that it would be imposing additional tariffs of 84 per cent across-the-board on all US goods, up from the previous 34 per cent. The ministry added that this retaliatory tariff comes into effect from April 10.

As an introduction to its white paper on trade with the US, China's commerce ministry said, "If the US insists on further escalating its economic and trade restrictions, China has the firm will and abundant means to take necessary countermeasures and fight to the end."

US Treasury Secretary Scott Bessent reacted to the tariffs announced by China that were worth "unfortunate" amount levied for Fox Business Network.

Bessent indicated that China "should not try to devalue their way out of" the tariff war, which would be best solved by bringing Beijing to the table instead.

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