EU has 'strong plan' to hit back at US tariffs if needed, EU chief says

The Commission is still hoping to negotiate with Washington to limit the damage caused by the announced surcharges. The first round of retaliation, which was due to take place on 1 April, is postponed for one part in mid-April and for the other part in mid-May.

The EU has prepared the so-called trade bazooka, which after the US announced its tariffs now risks being fired. “We are in a trade war,” says Per Altenberg, trade policy analyst at the Swedish College of Commerce.

EU Is Prepared to Retaliate Against US Tariffs

It’s no news that many tariffs are coming out of the US against other countries. These tariffs are impacting countries such as Mexico, Canada, China, and now the European Union...

26 billion euros of US imports are subject to special customs duties, and this is just Brussels' first step.

In the tagesschau24 interview, IW expert Sulatan advocates a clear European response to Trump's customs announcement. The EU can also target US tech companies.

The 99-page document lists nearly 2,000 US products on which the EU could impose tariffs. The list of US products that could be targeted by the European tariffs includes a wide range of goods, from agricultural products such as beef, chicken and dairy products to industrial products including electronics and machinery. Among the most affected goods are: food products such as soybeans, sugar and vegetables spirits, including the famous American w…