(Reuters) – The European Union will impose counter tariffs on 26 billion euros ($28.33 billion) value of U.S. items from subsequent month in response to U.S. tariffs on metal and aluminium, the European Fee stated in a press release on Wednesday.
The fee stated it should finish the present suspension of tariffs on U.S. merchandise on April 1 and also will put ahead a brand new bundle of countermeasures on U.S. items by mid-April.
“This matches the financial scope of the U.S. tariffs. Our countermeasures shall be launched in two steps. Beginning with 1 April and absolutely in place as of 13 April,” Ursula von der Leyen, president of the European Fee, stated in a press release.
“We’re prepared to have interaction in significant dialogue. I’ve entrusted Commerce Commissioner Maros Sefcovic to renew his talks to discover higher options with the U.S.,” von der Leyen added.
U.S. President Donald Trump’s elevated tariffs of 25% on metal and aluminium imports took impact on Wednesday as prior exemptions, responsibility free quotas and product exclusions expired.
($1 = 0.9178 euros)
(Reporting by Shubham Kalia in Bengaluru; Enhancing by Jacqueline Wong and Kim Coghll)
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