
The European Union has approved its first round of retaliatory tariffs in response to U.S. President Donald Trump’s sweeping trade duties.
The decision, adopted by EU member states on Wednesday afternoon, will impose 25% tariffs on a wide range of American exports in phased stages beginning next week, as reported by The New York Times and Euronews.
The tariffs target U.S. products such as soybeans, almonds, orange juice, poultry, steel, aluminum, tobacco, yachts, and other industrial and agricultural goods. According to POLITICO, the measures are calibrated to strike sectors central to Republican-leaning states, with the EU aiming to exert political as well as economic pressure.
The list is a revised version of the one announced in mid-March, with European officials trimming some items after consultations with industries and policymakers across the 27-nation bloc. Notably, bourbon whiskey was removed after Trump threatened a 200% retaliatory tariff on all European alcohol, a move that could have devastated wine exporters in France, Italy, and Spain, as The New York Times reported.
The phased timeline begins with tariffs on items such as cranberries and orange juice on April 15, followed by a second wave on May 16 including steel, meat, white chocolate, and polyethylene. A final set, including soybeans and almonds—the most valuable and politically charged products—will be hit on December 1.
In total, the EU tariffs could impact up to €22.1 billion in U.S. exports, while U.S. duties that came into force on March 12 are affecting approximately €26 billion worth of EU goods annually.
President Trump’s latest round of tariffs includes 25% duties on EU steel, aluminum, and cars, along with a blanket 20% tariff on all other European imports, which began Wednesday. While the EU has repeatedly expressed its preference for a negotiated solution—offering to reduce tariffs on cars and industrial goods to zero if the U.S. reciprocates—progress has been slow.
“Europe is always ready for a good deal,” European Commission President Ursula von der Leyen said social media platform X on April 7. “But we are also prepared to respond through countermeasures and defend our interests.”
As The New York Times reported, Wednesday’s vote is just the first step in the EU’s retaliatory strategy. A second package targeting U.S. car levies and the 20% blanket tariff is expected as early as next week, after another round of consultations with member states.
Some EU officials have hinted at more aggressive future measures, including the possible use of the so-called “bazooka” option—targeting U.S. service companies like Google. However, those proposals remain controversial and would be complex to implement without causing harm to European consumers and businesses who rely on American tech.
Hungary abstained from the vote Wednesday, but no formal opposition blocked the measures.
Source: tovima.com


Latest News

Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.

Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”

Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.

Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.

Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.

Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.

WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year

IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock

First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region

Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)