By Gwurld4026 
Countermeasures: EU’s $28 Billion Strategy Against Trump
In response to the U.S. administration’s decision to impose a 25% tariff on steel and aluminum imports, the European Union (EU) has announced countermeasures targeting U.S. goods valued at approximately €26 billion (about $28 billion). These retaliatory tariffs, set to take effect on April 1, 2025, will encompass a broad range of products, including boats, bourbon, motorbikes, textiles, and home appliances.
EU Commission President Ursula von der Leyen criticized the U.S. tariffs as “unjustified” and warned of their negative impact on jobs and prices on both sides of the Atlantic. She emphasized that while the EU’s measures are strong yet proportionate, the bloc remains open to negotiations to resolve the trade dispute.
The EU’s counter-tariffs are designed to match the economic impact of the U.S. measures, aiming to protect EU consumers and businesses from the adverse effects of the U.S. tariffs. The affected U.S. goods span various categories, including industrial and agricultural products, with a notable focus on items from Republican-held states.
Both the U.S. and EU economies are expected to experience negative impacts from these tariffs, with potential contractions estimated at 0.17% for the U.S. and 0.4% for the EU. The situation underscores the complexities and potential repercussions of protectionist trade policies on global markets.