Fri. Apr 25th, 2025
Occasional Digest - a story for you

1 of 2 | EU Commission President Ursula von der Leyen at the European Commission in Brussels, Belgium in March. The EU has announced it will to “introduce trade countermeasures against” the U.S. after President Donald Trump imposed tariffs on imports of steel and aluminum from the EU in March. EPA-EFE/OLIVIER MATTHYS

April 9 (UPI) — The European Union cleared retaliatory tariffs against the United States, while China imposed its own levies as President Donald Trump‘s “reciprocal” tariffs on dozens of countries around the world took effect.

In a press release, the European Commission announced Tuesday its members have voted to “introduce trade countermeasures against” the United States, “in response to the March decision by the U.S. to impose tariffs on imports of steel and aluminum from the EU.”

“The EU considers U.S. tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy,” the statement said. “Duties will start being collected as of [April 15].”

The commission added that the “countermeasures can be suspended at any time, should the U.S. agree to a fair and balanced negotiated outcome.”

The EU can also apply more than $24 billion in retaliatory tariffs on U.S. products like orange juice, soybeans and motorcycles and after the union’s 27 countries agreed to the measures Wednesday, with only Hungary opposed.

Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó posted to X Wednesday that counter-tariffs “would cause further damage to European economy and citizens by raising prices,” and that “The only way forward is negotiations, not retaliation.”

China has also responded to the tariffs levied against it. Trump’s tariffs included a 104% rate of import duty on Chinese goods, which came into force Wednesday. China has since responded with tariffs applied to U.S. goods raised from 50% to 84%.

The new rate is set to take effect Thursday in place of the 34% announced last week, China’s Office of the Tariff Commission of the State Council said in an announcement shortly after Foreign Ministry spokesman Lin Jian accused the United States of exerting unacceptable levels of pressure on China and vowing it would never cave into such “bullying.”

“If the United States is bent on waging a tariff war or trade war, China is ready to fight till the end,” Lin said.

Spokesperson Lin made the remarks Wednesday at a daily news briefing in response to a request for comments on the U.S. announcement that it would impose a 104% tariff on Chinese goods.

Lin noted that the Chinese people’s legitimate right to development cannot be deprived, and China’s sovereignty, security and development interests are inviolable. China will continue to take resolute and forceful measures to safeguard its legitimate rights and interests.

“If the U.S. really seeks to resolve the issue through dialogue and negotiation, it should demonstrate an attitude of equality, respect and reciprocity,” Lin added.

Source link