The European Commission voted on Wednesday to impose retaliatory tariffs on American goods in response to President Donald Trump’s decision to levy a tariff on European steel and aluminum.
The commission plans to impose tariffs on more than $20 billion of U.S. goods in response to the 25% tariff Trump placed on European steel and aluminum. The response comes as an additional 20% tariff on imports from the European Union went into effect at midnight on Wednesday.
“The EU considers US tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy,” the European Union said in a joint statement. “The EU has stated its clear preference to find negotiated outcomes with the US, which would be balanced and mutually beneficial.”
Tariffs will be applied to American products like soybeans, meat, iron, steel, textiles, tobacco, and ice cream,
