Summary

The EU announced retaliatory tariffs on US goods after the Trump imposed up to 25% tariffs on EU steel and aluminum.

The EU’s measures, matching the $28 billion (€26 billion) impact, will target steel, aluminum, textiles, leather, home appliances, plastics, and agricultural products.

The tariffs will be phased in from April 1 to April 13. Trump claims tariffs address unfair trade, but critics warn they could harm US consumers and markets.

Financial concerns persist, but Trump insists on downplaying recession risks.