EU Squares Off Against Trump's Tariffs in High-Stakes Negotiation

The European Union is prioritizing negotiations with the United States to eliminate tariffs imposed by former President Trump. While prepared to implement countermeasures, the EU aims to de-escalate tensions and avoid a trade war. Targeted responses include tariffs on selected US imports, as debate continues internally.

European Union ministers agreed on Monday to prioritize negotiating away tariffs imposed by President Donald Trump over immediate retaliation. The 27-nation bloc is facing 25% import tariffs on steel, aluminum, and cars alongside "reciprocal" 20% tariffs on other goods, as outlined under Trump's policies targeting countries with high import barriers.

Meeting in Luxembourg, EU ministers stressed initiating negotiation with the United States to prevent a trade war, even though they are preparing targeted countermeasures. Dutch Trade Minister Reinette Klever emphasized the need for calm and strategic responses to bring the U.S. to the negotiating table.

EU Trade Commissioner Maros Sefcovic labeled interactions with U.S. counterparts as "frank," discussing the detriment of U.S. tariffs. Although the EU is poised to approve limited countermeasures worth $28 billion against specific U.S. imports, tensions are high with potential of escalated tariffs affecting both economies significantly.

(With inputs from agencies.)