European Commission chief Ursula von der Leyen expressed regret over US tariffs that she deemed unjustified, estimating their impact at $28 billion. In response, the EU announced countermeasures against US products of equal value. The US tariffs, aimed at protecting American steel and workers amid competition, affect several countries, including the EU, Canada, and China. While the EU plans to apply tariffs on a variety of products, von der Leyen is also open to dialogue with the US to seek improved solutions and avoid further economic strain.
"Tariffs are taxes. They are bad for business, and even worse for consumers. These tariffs are disrupting supply chains. They bring uncertainty for the economy."
"For the first time, these rebalancing measures will be implemented in full. Tariffs will be applied on products ranging from boats to bourbon to motorbikes."
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