The European Commission has announced countermeasures in response to new U.S. tariffs of up to 25% on European steel, aluminum, and related products, impacting approximately $28 billion worth of EU exports. The Commission considers the U.S. tariffs, which target industrial-grade steel, aluminum, semi-finished, and finished goods, as unjustified and harmful to businesses and consumers. In a two-step approach, the EU will first reinstate the 2018 and 2020 countermeasures on U.S. goods, effective April 1, covering products linked to economic harm valued at $8.6 billion. The second step will introduce additional measures on U.S. exports worth up to $19.6 billion, set to take effect by mid-April after stakeholder consultation and Member State review. The total value of these countermeasures could reach $28 billion, matching the impact of the U.S. tariffs.
European Commission President Ursula von der Leyen criticized the tariffs, warning “These tariffs are disrupting supply chains. They bring uncertainty to the economy. Jobs are at stake. Prices will go up. In Europe and the United States. The European Union must act to protect consumers and business.” He further added, “As the U.S. are applying tariffs worth 28 billion dollars, we are responding with countermeasures worth €26 billion. This matches the economic scope of the U.S. tariffs. Our countermeasures will be introduced in two steps. Starting with 1 April and fully in place as of 13 April.” The EU expressed willingness to negotiate a resolution but stressed the need to protect European consumers and businesses. The countermeasures will proceed under the EU’s Enforcement Regulation, viewing the U.S. action as a safeguard measure. Talks led by Trade Commissioner Maroš Šefčovič aim to find a balanced solution.
