The European Union has announced plans to implement counter tariffs totaling €26 billion ($28.33 billion) on U.S. goods starting April 1, in response to the U.S. administration’s recent 25% tariffs on steel and aluminum imports. The EU’s retaliatory measures will target a wide range of industrial and agricultural products, including textiles, leather, home appliances, poultry, beef, seafood, nuts, eggs, sugar, and vegetables.

European Commission President Ursula von der Leyen criticized the U.S. tariffs as “unjustified trade restrictions” and expressed the EU’s readiness to engage in negotiations. However, she emphasized that the EU must protect its industries and maintain fair trade practices.

These developments mark a significant escalation in global trade tensions, with both the U.S. and EU imposing substantial tariffs on each other’s goods. The situation remains fluid, and stakeholders worldwide are closely monitoring the impact on international trade and supply chains.