Live: European Union Announce Major Tariffs On Us Amid Trade War

The European Commision and the Polish Presidency hold a press conference on the Competitiveness Council (Internal Market and Industry) amid reciprocal tariffs with the United States.

The European Commission said that it would end the suspension of tariffs on US products on April 1 and would put forward a package of countermeasures on US goods by mid-Apri.

“The European Union must act to protect consumers and business,” Ursula von der Leyen, president of the European Commission, said. “The countermeasures we take today are strong but proportionate.”

The suspended tariffs apply to products from boats to bourbon to motorbikes, and the EU said it would start a two-week consultation to pick other product categories.

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The new measures will affect about €18 billion in goods, with the overall objective to ensure that the total value of the EU measures corresponds to the increased value of trade affected by the new US tariffs. The proposed targets include industrial and agricultural products, such as steel and aluminium, textiles, home appliances, plastics, poultry, beef, eggs, dairy, sugar and vegetables.

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