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The European Union retred up after the prices of American metals have seizedExBulletin

The president of the European Commission, Ursula von der Leyen, addresses the members of the European Parliament on the new plans to increase defense expenses agreed at last week, Tuesday March 11, 2025 in the European Parliament in Strasbourg, Oriental of France. Pascal Bastien / AP hide legend
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Brussels The European Union announced on Wednesday commercial actions of reprisals with a series of tasks on American industrial and agricultural products which will come into force from April 1, responding to the increase in the TRUMP administration of prices on all imports of steel and aluminum at 25%.
The largest commercial block in the world awaited the American prices and prepared in advance, but the measures are still exerting great pressure on transatlantic relations already tense. Washington warned Europe last month that it should take care of its own security in the future.
EU measures will cover the goods of the United States worth 26 billion euros ($ 28 billion), and not only steel and aluminum products, but also textiles, household appliances and agricultural products. Motorcycles, bourbon, peanut butter and jeans will be affected, as they were during the first term of President Donald Trump.
Great Britain, which is not part of the EU, said it would not impose its own reprisal measures in the United States. The British government has described Washington's decision to impose 25% prices on global imports of “disappointing” aluminum.
The EU moves to protect the European Commission itself, the president of the European Commission, Ursula von der Leyen, said in a statement announcing on Wednesday that the block “will always remain open to negotiation”.
“While the United States applies prices worth $ 28 billion, we respond with countermeasures worth 26 billion euros,” she said. The Commission manages commercial and commercial conflicts on behalf of the 27 EU member countries.
“We firmly believe that in a world loaded with geopolitical and economic uncertainties, it is not in our common interest to load our economies with prices,” said Von Der Leyen.
The Commission also said that steel and aluminum products would be affected in return, but also textiles, leather items, household appliances, household tools, plastics and wood. Agricultural products will also be affected, including poultry, beef, certain seafood, nuts, eggs, sugar and vegetables.
Trump said his taxes would help create jobs in the American factory, but Von Der Leyen said: “The jobs are at stake. Prices will increase. In Europe and the United States.”
“We are deeply regretted with this measure. The prices are taxes. They are bad for business, and even worse for consumers. These prices disrupt the supply chains. They bring uncertainty for the economy,” she said.
What will happen really? Trump slapped similar prices on EU steel and aluminum during his first mandate, which rapped European and others allies. The EU also imposed countermeasures in retaliation at the time, increasing the rates on motorcycles manufactured in the United States, bourbon, peanut butter and jeans, among other articles.
This time, the action of the EU will imply two stages. First, the Commission reintroduces what it calls “rebalancing measures”, which the EU had of the EU from 2018 and 2020 but which were suspended under the Biden administration, then additional rights targeting 18 billion euros (19.6 billion dollars) in American exports to the block.
EU’s commerce commissioner Maro Efovi went to Washington last month to leave the prices, meeting the US Secretary for Trade Howard Lutnick and other senior trade officials.
He said on Wednesday that he had become clear during this trip “that the EU was not the problem”.
“I have argued to avoid the unnecessary burden on measures and countermeasures, but you need a partner for that. You need both hands to applaud,” Efovi told journalists in the European Parliament in Strasbourg, France.
According to Henrik Adam, president of European European Steel Steel Association.
“This will worsen the situation in the European steel industry, exacerbating an already disastrous market environment,” said Adam last month.
The United States is the second largest export market for EU steel producers, representing 16% of total EU steel exports.
“The loss of a large part of these exports cannot be offset by EU exports to other markets,” said Adam.
Transatlantic Tradethe EU estimates that the annual volume of exchanges between the two parties amounts to around 1.5 billion of dollars, which represents around 30% of world trade. Although the block has a surplus of substantial export in goods, it says that this is partly compensated by the American surplus in the trade in services.
The Commission indicates that the trade in goods reached 851 billion euros ($ 878 billion) in 2023, with a trade surplus of 156 billion euros ($ 161 billion) for the EU. The services trade was worth 688 billion euros ($ 710 billion) with a trade deficit of 104 billion euros ($ 107 billion) for the EU.
Meanwhile, British Affairs Secretary Jonathan Reynolds said on Wednesday that he would continue to get closely and productively committed to the United States to assert the British commercial interests. ” He has not excluded future prices on American imports, claiming “we will keep all options on the table and will not hesitate to respond in the national interest”.
Center-Gauche Prime Minister Keir Starmer worked to establish solid links with Trump, hoping to avoid prices taken from many other American business partners.
Reynolds said the government remains “focused on a pragmatic approach and quickly negotiates a broader economic agreement with the United States to eliminate additional rates and benefit British companies and our economy”.
Sources 2/ https://www.npr.org/2025/03/12/g-s1-53280/european-union-us-metals-tariffs The mention sources can contact us to remove/changing this article |
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