The EU is preparing to respond to the US's new tax tariff – Cyprus Newspaper

European Union (EU) Commission President Ursula von Der Leyen said that they were saddened by the new tax tariff imposed by the USA for steel and aluminum imports and they would respond at the same level.

Von der leyen, the United States began to apply 25 percent additional customs duties to imported steel and aluminum in Strasbourg said to the press. Reminding that the world is the world's largest trade relationship between the EU and the United States, Von Der Leyen said that it provides employment, prosperity and security to millions of people.

Von Der Leyen said, “As of this morning, USA is applying 25 percent customs duty to the import of steel and aluminum. We are deeply saddened by this measure. Tariffs are taxes. Tariffs are worse for the business world and even worse for consumers. ” he said.

Customs duties disrupt the supply chain, make the economies uncertain and endangering the work Von Der leyen, this will raise the prices and will damage both sides stressed.

Von Der Leyen said, “The EU should take action to protect consumers and businesses. The counter measures we take today are strong and proportional. While the US imposes tariffs worth $ 28 billion, we take counter -measures of 26 billion euros. This coincides with the economic scope of the US tariffs. ” evaluated.

Von Der Leyen stated that the EU's counter -measures were two -stage, which started on April 1 and entered into force on April 13, and emphasized that they are always open to negotiations.

Von der leyen underlined that testing the economies with such tariffs in a period of geoeconomic and political uncertainties.

– Recitation List from EU

The EU Commission has also published a list of US products that can be subjected to retaliation customs duties.

Those affected by US recipes will be able to give feedback about the 99 -page product list until March 26th.

The list contains various products such as meat, chicken, turkey, milk and cream, nuts, coffee, fruit and vegetables, alcoholic beverages, gum, electronic cigarettes, American lifestyle, hand tool, machine and motorcycle.

After the EU, Canada and Mexico, it ranks third in steel exports to the USA. The annual trade volume between the EU and the US finds an euro of 1.5 trillion.

According to the data, the EU exported 531.6 billion euros to the US in 2024 and imported 333.4 billion euros from the USA. Thus, the EU side gave a more than 198.2 billion euros in the trade of goods with the United States. The trade deficit is disturbing US President Donald Trump.

As of April 2, Trump plans to bring taxes to trade partners such as EU, Brazil and South Korea with “mutual” rates.

The EU side is concerned that the US mutual tariffs will affect automobiles, drugs and food exports.