Transatlantic Trade Tensions: EU's Counter-Tariff Strategy Unfolds

The European Union plans to impose counter-tariffs on $28.4 billion worth of U.S. imports in response to increased U.S. tariffs on steel and aluminum. The EU's measures target a broad list of U.S. products to pressure workers and businesses in Republican states to reconsider U.S. President Donald Trump's trade policies.

The European Union is preparing a strategic response to the United States' recent hike in tariffs on steel and aluminum products. Targeting up to $28.4 billion worth of American goods, the EU aims to impose significant counter-tariffs, particularly aimed at products originating from Republican-leaning states.

The EU's list of targeted U.S. exports includes poultry, meat, dairy, and durable goods, explicitly chosen for their high symbolic value and potential economic disruption. This move follows the reinstatement of tariffs by the U.S. and is a direct challenge to the trade policies implemented during former President Trump's administration.

European officials are set to finalize the list of goods subject to tariffs by mid-April, with the inclusion of iconic products like bourbon and motorcycles. The strategic targeting seeks to exert pressure on U.S. businesses to advocate for reduced trade hostilities from Washington.

(With inputs from agencies.)