European Union to Impose Up to 25% Tariffs on US Goods
In the bloc’s first answer to US President Trump’s Liberation Day plan, the European Union (EU) is set to impose up to 25% tariffs on US goods. Indeed, the EU is set to issue its first retaliatory import duty as low as 10%, targeting a host of industries. The approved plan emerges as a host of nations are formulating their responses to Trump’s baseline 10% tariff placed on all nations last week. A nearly unprecedented move, the administration has said it is seeking to balance trade through the economic policy. Now, nations are seeking to renegotiate trade deals or answer his increased tax in kind. JUST IN: European Union to impose between 10% and 25% tariffs on US goods. — Watcher.Guru (@WatcherGuru) April 9, 2025 Also Read: China Announces Additional 84% Tariff on US Goods EU Issues Retaliatory Tariffs in First Answer to Trump’s Liberation Day Plan The global economy took a massive hit in April as the US announced a major tariff plan. Cioned as Liberation Day ...