EU: Countermeasures against US steel tariffs have been finalized

2025-04-08

The President of the European Commission stressed in a statement that the EU has finalized the first set of countermeasures against steel tariffs. If the negotiations fail, the EU is ready to take further countermeasures to protect the interests of the EU and local companies.

She did not disclose the specific details of the countermeasures. Previously, the US government implemented new steel and aluminum tariffs on March 12, and the EU claimed at the time that it would impose retaliatory tariffs on US goods worth up to 26 billion euros from April 1. However, this retaliatory tariff has not yet officially started.

The European Commission trade spokesman revealed last week that the EU may take two responses. The first response is to the US steel and aluminum tariffs, which are entering the internal process; the second response is a combination of other aspects, which the EU may announce in the future.

In addition to the EU, other countries are also calling on the United States to renegotiate.

The Thai Prime Minister said that Thailand is ready to negotiate with the United States to achieve fair trade. But she also added that Thai exporters need to find other exporters for their products to reduce the risk of relying on a single market.

The Japanese Cabinet Secretary said that Trump's tariffs may conflict with the US-Japan bilateral trade agreement, and the tariff stick will affect the economic relations between the two countries and the multilateral system of global economy and trade. However, Japan is still seeking to continue negotiations with the United States to seek exemptions.

Another country that has been hit hard, South Korea, is also taking emergency measures to support its industries affected by tariffs. South Korea's acting president said that the global tariff war has become a reality and the current situation is very serious. The South Korean government must go all out to overcome the difficulties together.

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