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  5. EU approves more than €20 billion in retaliatory tariffs against the U.S.

EU approves more than €20 billion in retaliatory tariffs against the U.S.

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The European Union (EU) has agreed to impose retaliatory tariffs on a total of $21 billion worth of US goods in response to the US tariffs on steel and aluminium. The tariffs, which will be introduced in stages, will affect a range of products including nuts, soybeans, meat, iron, steel, textiles, tobacco, and ice cream.

  1. European Commission
    1. The EU considers U.S. tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy.
  2. IE
    Simon Harris
    Fine Gael
    1. This is a trading relationship that matters, and Europe has been very clear: we are up for a deal.
  3. HU
    Peter Szijjarto
    Fidesz
    1. Such measures would cause further damage to [the] European economy and citizens by raising prices. The only way forward is negotiations, not retaliation.
  4. SK
    Maroš Šefčovič
    European Commission
    1. My feeling is that, at this stage, it is more of a decision of the U.S. administration to transform the global trading system, and they see the tariffs as a corrective measure for many of [their] political goals.
  5. FI
    Henna Virkkunen
    European Commission
    1. Of course, when needed, we have to also protect our industry and for our citizens and we are currently also preparing those measures.
    2. We don't want to have tariffs, we want to negotiate.
  6. IT
    Brando Benifei
    Italian Democratic Party
    1. If Trump escalates in front of our countermeasures, it will be inevitable to bring services into the discussion, which will hurt America and make more people [in the U.S.] realize that the president is going in the wrong direction.
  7. US
    Michael Strain
    American Enterprise Institute
    1. Europe can hurt America, and retaliating seems like a good strategy if you believe that Trump cares about the political fallout from economic pain here at home.
  8. BE
    André Sapir
    Bruegel
    1. I think they are looking at this as, 'There is damage being created, but we should be careful not to add damage to damage,'

Trump's tariffs

  1. Trump threatens 50% tariffs on EU and 25% on iPhones if not made in the US
  2. Donald Trump Orders Retailers to Absorb Tariffs, Rules Out Price Hikes for Consumers
  3. Donald Trump Announces 90-Day Tariff Reduction with China

sources

  1. 1.Le Monde
  2. 2.The Washington Post
  3. 3.DW News
  4. 4.CNA News
  5. 5.The New York Times
  6. 6.The Guardian
  7. 7.South China Morning Post
  8. 8.Agence France-Presse
  9. 9.Politico
  10. 10.Reuters
  11. 11.Washington Post
  12. 12.Times

perspectives

  1. 1.US under Donald Trump
  2. 2.Chinese Foreign Policy
  3. 3.US-China Relations
  4. 4.Immigration to the US
  5. 5.US Economy
  6. 6.Inflation
  7. 7.Trade Agreement
  8. 8.World Economy
  9. 9.US-India relations
  10. 10.Mexico under Claudia Sheinbaum
  11. 11.US-EU relations
  12. 12.United States–Mexico–Canada Agreement

countries

  1. 1.United StatesUS
  2. 2.ChinaCN
  3. 3.HungaryHU
  4. 4.ItalyIT
  5. 5.SwitzerlandCH
  6. 6.IrelandIE
  7. 7.FranceFR
  8. 8.LuxembourgLU
  9. 9.GermanyDE
  10. 10.PolandPL
  11. 11.CanadaCA
  12. 12.United KingdomGB

organizations

  1. 1.European Union
  2. 2.European Commission
  3. 3.Republican Party
  4. 4.White House
  5. 5.Bruegel
  6. 6.House of Representatives
  7. 7.Signal
  8. 8.American Enterprise Institute
  9. 9.Center for European Policy Studies
  10. 10.EU Parliament
  11. 11.Liberal Party

persons

  1. 1.Donald TrumpUS
  2. 2.Maroš ŠefčovičSK
  3. 3.Ursula Von Der LeyenDE
  4. 4.Viktor OrbanHU
  5. 5.Elon MuskUS
  6. 6.Henna VirkkunenFI
  7. 7.Howard LutnickUS
  8. 8.Mike JohnsonUS
  9. 9.Peter SzijjartoHU
  10. 10.André SapirBE
  11. 11.Brando BenifeiIT
  12. 12.Cinzia AlcidiBE

technicals

  1. 1.Brexit
  2. 2.White House Rose Garden