The European Union has unveiled plans to impose duties on over $28 billion worth of U.S. goods in response to new tariffs on steel and aluminum imports announced by the United States, according to an official statement released on March 12. This move comes after U.S. President Donald Trumpreinstated a 25% tariff on imported steel and aluminum, reigniting long-standing trade tensionsbetween Washington and Brussels.
The European Commission described the U.S. tariffs as “unjustified” and emphasized that its countermeasures aim to protect EU businesses, workers, and consumers. The EU’s retaliatory steps will be implemented in two phases. The first phase, set to begin on April 1, will reinstate previously suspended countermeasures from 2018 and 2020, addressing U.S. tariffs that cost the EU 8 billion euros in exports.
European Commission President Ursula von der Leyen criticized the U.S. tariffs, stating, “Tariffs are taxes. They are bad for business and even worse for consumers. These tariffs are disrupting supply chains and bringing uncertainty to the economy.” Despite the strong response, the EU signaled its willingness to negotiate a resolution, noting that the measures could be lifted if an agreement is reached.
The dispute traces back to 2018, when the Trump administration imposed tariffs on nearly $7 billion of European exports, citing national security concerns. The EU retaliated with its own tariffs on American products. A temporary truce was reached in 2021 under the Biden administration, which replaced the tariffs with a quota system, prompting the EU to freeze its countermeasures.
The renewed tariffs threaten to disrupt global supply chains and increase costs for businesses and consumers. Additionally, the U.S. tariffs could negatively impact Ukraine’s steel industry, a critical sector of its economy and the second-largest source of foreign currency after agriculture.