European Union member states voted Wednesday to approve retaliatory tariffs on $23 billion in goods in response to U.S. President Donald Trump’s 25% tariffs on imported steel and aluminum, as the largest U.S. trading partner described them as “unjustified and damaging."
The tariffs will go into effect in stages, with some on April 15 and others on May 15 and Dec. 1. The EU executive commission didn’t immediately provide a list of the goods.
Members of the 27-country bloc repeated their preference for a negotiated deal to settle trade issues.
“The EU considers U.S. tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy," the EU's executive commission said in a statement. "The EU has stated its clear preference to find negotiated outcomes with the U.S., which would be balanced and mutually beneficial.”
The targeted goods are a tiny fraction of the 1.6 trillion euros ($1.8 trillion) in U.S.-EU annual trade, which sees some 4.4 billion euros in goods and services cross the Atlantic each day in what the European Commission calls “the most important commercial relationship in the world.”
[Full Article](https://www.msn.com/en-us/money/markets/eu-imposes-new-tariffs-on-23-billion-in-us-goods-in-retaliation-for-trump-s-steel-aluminum-tariffs/ar-AA1CBjF9?ocid=hpmsn&cvid=7ade5ab2b244478881d4a880060ed8de&ei=26)