The European Union, excluding Hungary, voted to impose tariffs on specific U.S. products following the Trump administration's tariffs on European steel and aluminum. The EU's retaliatory tariffs are set to begin next week. This move is a direct response to the U.S. measures viewed as unjustified by European officials. The EU emphasized that these countermeasures could be reversed if the U.S. agrees to a fair negotiation. The details of the new tariffs are expected to be released soon, as tensions continue over trade relations.
The European Commission stated that the U.S. tariffs are "unjustified and damaging," causing economic harm to both the EU and the global economy.
European officials emphasized that the EU's countermeasures could be suspended if the U.S. agrees to a "fair and balanced negotiated outcome".
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