EU Strike Back Against Trump’s New Tariffs
Donald Trump’s decision to impose 25% tariffs on steel and aluminum imports took effect on Wednesday, sparking backlash from U.S. allies and economic partners. Unlike previous tariffs that allowed exemptions, the new levies apply globally, affecting everything from raw metals to products like furniture and air conditioners. The move, aimed at boosting domestic production, has raised fears of a recession and drawn sharp criticism from across the globe, with Australian Prime Minister Anthony Albanese calling it “entirely unjustified.”
The European Union has been quick to retaliate to the news, announcing tariffs on €26 billion worth of U.S. goods, including bourbon, jeans, and motorcycles. European Commission President Ursula von der Leyen condemned the tariffs, warning they would “bring uncertainty for the economy” and lead to job losses. Meanwhile, Canada and Mexico, among the hardest-hit by the new restrictions, have also weighed their options, with Ontario initially planning an electricity surcharge on U.S. exports before backing down to avoid further escalation.
While Trump argues that these tariffs will protect American industry, critics—including major U.S. aluminum producers—warn they could backfire by raising costs for consumers and businesses. Steel industry leaders have supported the move, hoping for higher domestic prices and job growth. However, with global markets reacting cautiously and foreign governments preparing countermeasures, the trade conflict is poised to deepen in the coming weeks.
