U.S. Tariffs Trigger EU Countermeasures

The U.S. tariffs on €380 billion worth of EU exports have prompted the EU to draft countermeasures. EU trade commissioner Maros Sefcovic announced that the list would be sent to member states, with a vote scheduled for April 9 and duties implemented on April 15.

The recent imposition of U.S. tariffs, affecting €380 billion worth of EU exports, has sparked swift reactions from the European Union. EU trade commissioner Maros Sefcovic informed reporters about the development during a press briefing on Monday.

According to Sefcovic, the European Commission rapidly compiled a list of countermeasures aimed at addressing the tariffs, and this list will be distributed to EU member states shortly. The urgency of the situation has expedited the decision-making process within the EU.

The decisive vote on the countermeasures is set for April 9. Once approved, the new duties on products will be enforced starting April 15, marking a significant escalation in transatlantic trade tensions.

(With inputs from agencies.)