The European Union (E.U.) has agreed to tariffs on a range of U.S. products in response to President Trump’s sweeping new import taxes.
EU states voted Wednesday to “introduce trade countermeasures” against the U.S., the European Commission said in a statement.
The retaliatory tariffs are in response to U.S. import taxes on steel and aluminum that were initiated in March, the Commission said. Duties will start being collected from European importers on April 15.
The tariffs will be levied at 25 percent, Euro News reported Wednesday, and will apply to a list of goods that includes orange juice, poultry, almonds steel and aluminum, soybeans, tobacco and yachts.
The official list of goods that will be subject to the tariffs was not immediately made public by the EU on Wednesday.
In March, the European Commission said that it was considering tariffs on about $20 billion worth of U.S. products.
Products to be targeted included a mix of industrial and agricultural goods, such as steel and aluminum products, textiles, leather goods, home appliances, house tools, plastics and wood products.
Agricultural targets were poultry, beef, certain seafood, nuts, eggs, dairy, sugar and vegetables.
The EU said Wednesday that “countermeasures can be suspended at any time, should the US agree to a fair and balanced negotiated outcome.”
What does the EU mean by fair and balanced negotiated outcome? For the EU to control what is beneficial for them and detrimental for the US, thanks but no thanks.
Let them eat cake!