(LONDON) — The European Union responded on Wednesday to the Trump administration’s metals tariffs, saying member states would place countermeasures on some 26 billion euros, or about $28 billion, worth of U.S. goods.
The U.S. at midnight began imposing 25% tariffs on all steel and aluminum imports from all trading partners, with no exceptions or exemptions, the White House said.
Ursula von der Leyen, president of the European Commission, said in a statement that the EU “must act to protect consumers and business.”
“Tariffs are taxes. They are bad for business, and even worse for consumers,” von der Leyen said. “These tariffs are disrupting supply chains. They bring uncertainty for the economy. Jobs are at stake. Prices will go up. In Europe and in the United States.”
The European measures were designed to match the scope of those U.S. tariffs, which the European Union said would be worth about $28 billion. The countermeasures were expected to begin on April 1 and be fully in place by April 13, the commission said.
“In the meantime, we will always remain open to negotiation,” von der Leyen said.
The countermeasures comprise two steps, the first of which is to restore on April 1 a set of previously suspended 2018 and 2020 countermeasures against the U.S. on a range of products.
For step two, member states will then put in place by mid-April new countermeasures targeting about 18 billion euros worth of U.S. goods entering the bloc.
Those new countermeasures will target both industrial and agricultural products, including steel and aluminum, home appliances, wood products, poultry, beef and other food imports, according to a fact sheet released on Wednesday.
Maros Sefcovic, the EU’s trade commissioner, said European officials would continue working with their U.S. counterparts toward a “win-win” outcome, but the “unjustified tariffs on our exports will not go unanswered.”
“We should be making this great relationship stronger, not weaker,” he said in a statement.
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