Focus on the BIG picture.
Tuesday, May 13, 2025

0:00
0:00

EU and Canada Declare Countermeasures After U.S. Imposition of Steel and Aluminum Tariffs

Trade tensions rise as the European Union and Canada react to U.S. tariffs by implementing measures aimed at American goods.
On March 12, 2025, both the European Union (EU) and Canada announced intentions to implement retaliatory tariffs on various U.S. products.

This decision is a direct reaction to the United States enforcing a 25% tariff on all imports of steel and aluminum, a policy that took effect on the same day.

The U.S. government has defended these tariffs as essential for safeguarding national security and strengthening domestic industries.

The EU's counteractions, estimated at around €26 billion, are set to begin on April 1, 2025. The U.S. items targeted include bourbon whiskey, motorcycles, and motorboats.

A second wave of tariffs is expected by mid-April, with a likelihood of increasing the range of affected goods.

Canada has stated its plan to introduce 25% tariffs on U.S. products valued at $20.6 billion, starting March 13, 2025. The Canadian tariffs will cover a wide array of items, including steel products, computers, and sports gear.

The United Kingdom has expressed its disappointment over the U.S. tariffs but has chosen not to implement immediate retaliatory actions.

British officials have shown a preference for ongoing negotiations to resolve the trade disputes.

These developments have raised alarms about possible disruptions to global supply chains and the broader economic effects of rising trade tensions.

Industries dependent on the impacted imports and exports are closely watching the situation, evaluating the potential consequences for costs and market dynamics.

The global community is observing these occurrences with caution, as extended trade disputes could lead to significant implications for worldwide economic stability and growth.

Stakeholders are urging for diplomatic efforts to tackle and resolve the fundamental issues fueling the current tensions.
Newsletter

Related Articles

0:00
0:00
Close
Flip flop: UK Introduces New Immigration Policy to Reduce Net Migration
Elon Musk Joins Trump Meeting in Saudi Arabia
Poland Tightens Immigration Policy with New Plan to Suspend Asylum Law
Trump says it would be 'stupid' not to accept gift of Qatari plane
Nissan Plans to Cut Over 10,000 Additional Jobs Worldwide
8-Year-Old Orders 70,000 Lollipops Using Mother’s Phone, Prompting $4,200 Amazon Bill and Viral Facebook Plea
Quantum Computing Threatens Bitcoin Security
American citizens account for 70% of worldwide pharmaceutical sales despite comprising only 4% of global population
Michael Jordan to Serve as Analyst for NBA Games
New Details Emerge on Syrian Attacker's Motives in German Festival Stabbing
US and China Agree to Reduce Tariffs by 115% in Bilateral Trade Deal
Trump Defends Qatar's Offer of Jumbo Jet Amid Controversy
Brazil’s President Aims to Strengthen Ties with China Amid US Trade Tensions
Senate Democrats Move to Censure Trump Over Qatar Jet Gift
First White South Africans Resettled in the U.S. Amid Controversy Over Persecution Claims
Hamas Releases Last Living US Hostage from Gaza Amid Ongoing Conflict
British National Sentenced to Ten Years in Saudi Arabia for Deleted Tweet
India and Pakistan Agreement on Ceasefire Amid Ongoing Tensions
Trump's Upcoming Middle East Trip Excludes Israel, Raising Concerns Among Israeli Officials
Kurdistan Workers Party Announces Dissolution Amid Ongoing Conflict Resolution Efforts
Zelenskyy Seeks Ceasefire as Putin Proposes Direct Talks in Turkiye
Arsenal Stages Comeback to Draw 2-2 Against Liverpool in Premier League Clash
Transnational Crime Rings Exploit Stolen Identities to Drain Billions from U.S. Taxpayer Funds
U.S. and China Reach Preliminary Trade Agreement Amid Ongoing Tensions
US Withdraws Tourist Visas from Baja California Governor and Spouse
Trump's Upcoming Visit to Gulf Nations: Investment and Security at the Forefront
Rodrigo Duterte Awaits Trial at The Hague. Next week he might be elected mayor of his hometown
Trump fires director of U.S. Copyright Office, sources say
Trump says U.S. and China negotiated "total reset" in tariff talks
Retired British police officer arrested over ‘thought crime’ tweet
Art Market Braces for Major Test Amid Economic Uncertainty
Cardinal Robert Prevost Elected as Pope Leo XIV, Marking a Historic Papacy
Newark Mayor Ras Baraka Arrested at ICE Facility Amid Congressional Visit
India-Pakistan conflict may be first test for Chinese military tech
Bill Gates Announces Plan to Wind Down Philanthropic Foundation and Disperse Wealth
Historic Papal Conclave Set to Commence in Rome
Huge Copper, Gold, and Silver Discovery in Argentina and Chile — But the Profits Go Abroad
The Road to Freedom: She Protested Putin, Escaped House Arrest, and Survived a 2,800-Kilometer Journey
Prince Harry is pleading for reconciliation — but the royals are just as sick of his victimhood as everyone else
OpenAI's Flip-Flop: No Longer Going Commercial, Back to Nonprofit, After Musk Lawsuit and Backlash
First From China: Zhao Xintong Wins the Snooker World Championship
Nvidia Faces Billion-Dollar Losses – Warns: China Is on Its Way to Becoming an AI Superpower
Trump Rules Out Third Term, Names JD Vance and Marco Rubio as Potential Successors
Mexico Says ‘No’ to U.S. Troops: President Sheinbaum Rejects Trump’s Offer to Fight Cartels
Nigel Farage’s Reform UK Storms the Map, Wrecking the Two-Party Monopoly
DOGE: Reimagining Government Operations with AI
EU Hits TikTok with €530 Million Fine Over China Data Transfers
Beijing Says U.S. Is ‘Reaching Out’ for Tariff Talks Amid Soaring Trade Tensions
U.K. Court Rejects Prince Harry’s Final Appeal Over Police Security
Warren Buffett to Step Down as Berkshire CEO After Nearly 60 Years
×