EU said it will reply ‘firmly and immediately’ to ‘unjustified’ trade barriers, signaling it’s ready to retaliate against levies

Summary

Donald Trump has announced plans to impose 25% tariffs on the European Union, claiming the bloc was “formed to screw the United States.”

While details are pending, he suggested the levies would target cars and other imports. The EU, a major U.S. trading partner, has vowed immediate retaliation, with potential tariffs impacting $29.3 billion in exports.

French President Emmanuel Macron had attempted to dissuade Trump, urging focus on China instead.

Critics, including economists and conservative media, warn the tariffs could harm the U.S. economy.

    • Frostbeard@lemmy.worldEnglish
      1·
      4 hours ago

      And suddenly Norway (not part of the EU or custom union) was exempt since I think energy and gas is what we live off these days.

    • Revan343@lemmy.caEnglish
      1·
      4 hours ago

      I wonder how viable it would be to crack Canadian bitumen to produce methane for Europe