EU Targets €26 Billion of US Products in Tariff Retaliation

We are ready to engage in meaningful dialogue. I have entrusted Trade Commissioner Maros Sefcovic to resume his talks to explore better solutions with the U.S.,

von der Leyen added

This matches the economic scope of the U.S. tariffs. Our countermeasures will be introduced in two steps. Starting with 1 April and fully in place as of 13 April,

Ursula von der Leyen, president of the European Commission, said in a statement

My government will keep our tariffs on until the Americans show us respect and make credible, reliable commitments to free and fair trade,

Carney said in a statement

Anthony Albaneseaustralian Prime Minister

Tariffs and escalating trade tensions are a form of economic self-harm and a recipe for slower growth and higher inflation. They are paid by the consumers. This is why Australia will not be imposing reciprocal tariffs on the United States,

Albanese said Wednesday

This would make all Tariffs, and everything else, totally disappear,

Trump said Tuesday on his Truth Social platform

Donald Trumppresident

In my judgment, these modifications are necessary to address the significantly increasing share of imports of steel articles and derivative steel articles from these sources, which threaten to impair U.S. national security,

U.S. President Donald Trump said in a proclamation announcing the tariffs

Donald Trumppresident

The higher it goes, the more likely it is they're going to build. The biggest win is if they move into our country and produce jobs. That's a bigger win than the tariffs themselves, but the tariffs are going to be throwing off a lot of money to this country."

Mr Trump addressed the assembly, saying

President Trump must surely recognise that the UK is an ally, not a foe. Our steel sector is not a threat to the US but a partner to key customers, sharing the same values and objectives in addressing global overcapacity and tackling unfair trade."

UK Steel's director general Gareth Stace described the decision as "hugely disappointing", pointing out

These tariffs couldn't come at a worse time for the UK steel industry, as we battle with high energy costs and subdued demand at home, against an oversupplied and increasingly protectionist global landscape. What's more, the EU is also pushing ahead with trade restrictive action that will amplify the impact of US tariffs."

He continued his critique by highlighting the timing of the tariffs

John Murphy (composer)u.S. Chamber of Commerce vice president

If you're an executive in the boardroom, are you really going to tell your board it's the time to expand that assembly line?"

John Murphy, a top figure at the US Chamber of Commerce, questioned the timing for such expansions, saying