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EU Approves Retaliatory Tariffs on U.S. Imports Amid Trade Dispute

  • The European Union (EU) has approved retaliatory tariffs on U.S. imports in response to the trade dispute.
  • The tariffs will target a range of U.S. products including almonds, orange juice, poultry, soybeans, steel, aluminum, tobacco, and yachts.
  • The EU remains open to negotiations with the U.S. to resolve the dispute and achieve mutually beneficial outcomes.
  • The U.S. tariffs on EU exports affect approximately 70% of the EU's total exports to the United States, which amounts to around 380 billion euros worth of goods.

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