financetom
Business
financetom
/
Business
/
Factbox-From juice to jewellery: which U.S. goods will EU hit with tariffs?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Factbox-From juice to jewellery: which U.S. goods will EU hit with tariffs?
Apr 9, 2025 8:19 AM

BRUSSELS (Reuters) - The European Union will launch countermeasures from next Tuesday against U.S. President Donald Trump's steel and aluminium tariffs with extra duties on 21 billion euros ($23 billion) of U.S. imports.

The 27-nation bloc faces 25% import tariffs on steel, aluminium and cars, as well as the new broader tariffs of 20% for almost all other goods under Trump's policy to hit countries he says impose high barriers to U.S. imports.

The counter-tariffs announced so far are a response specifically to the U.S. metals tariffs imposed on March 12 and were approved by EU members on Wednesday. The bloc is still assessing how to respond to the car and broader "reciprocal" tariffs.

The EU plan comes in three phases, with most of the tariffs not due to take effect until May.

APRIL 15:

The first phase of European tariffs will cover 3.9 billion euros worth of U.S. products, including steel and aluminium, corn (maize), rice, motorcycles, motor boats, dishwashers, washing machines and orange juice.

These are mostly a repeat of tariffs the EU imposed in 2018 when Trump ordered an earlier set of less comprehensive tariffs on European steel and aluminium products. Both sides removed the levies in a truce reached under U.S. President Joe Biden.

Notably, U.S. whiskey is excluded this time, after some countries worried about U.S. retaliation against European wine exports.

Most of the affected products will face 25% tariffs, although some are hit by lower rates such as diamonds at 10%.

MAY 16:

Because the new U.S. metals tariffs cover a much wider range of steel and aluminium goods than the 2018 levies, the commission, which coordinates EU trade policy, drew up a much larger list of U.S. imports for additional retaliation. This originally covered U.S. goods valued at 21 billion euros, but was then pared down to 17 billion euros with the removal of dairy products, spirits and wines.

The additional tariffs of 25% are to be imposed on May 16 on 13.5 billion euros worth of goods, including poultry, beef, fruit, cereals such as wheat, barley and oats, vegetable oils, wood, plastics, carpets, clothing, glassware and tools, as well as chewing gum, dental floss, lawn mowers, vacuum cleaners and toilet paper.

DECEMBER 1: Duties will be added to a further 3.5 billion euros of U.S. goods, including soybeans and almonds.

WHICH COMPANIES COULD BE AFFECTED?

EU officials hope that hitting a wide range of products could make U.S. businesses press Washington to dial back its trade war. U.S. producers of the affected goods include Whirlpool, Stanley Black & Decker ( SWK ), Mohawk Industries ( MHK ), Harley-Davidson ( HOG ), Ralph Lauren ( RL ), Tyson Foods ( TSN ) and Archer-Daniels-Midland ( ADM )

($1 = 0.9045 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Boyd Gaming's Q1 Adjusted Earnings, Revenue Decline
Boyd Gaming's Q1 Adjusted Earnings, Revenue Decline
Apr 26, 2024
05:43 AM EDT, 04/26/2024 (MT Newswires) -- Boyd Gaming ( BYD ) reported Q1 adjusted earnings Thursday of $1.51 per diluted share, down from $1.71 a year earlier. Analysts polled by Capital IQ expected $1.57. Revenue for the quarter ended March 31 was $960.5 million, compared with $964 million a year earlier. Analysts polled by Capital IQ expected $954.4 million....
Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions
Apr 26, 2024
April 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday: ** Buyout firm L Catterton has agreed to buy a majority stake in family-owned KIKO Milano in a deal which a source close to the matter said valued the Italian accessible make-up maker at around 1.4 billion euros ($1.5 billion) including debt....
U.S. Energy-Related Carbon Dioxide Emissions Decline 3% in 2023, EIA Reports
U.S. Energy-Related Carbon Dioxide Emissions Decline 3% in 2023, EIA Reports
Apr 26, 2024
05:51 AM EDT, 04/26/2024 (MT Newswires) -- U.S. energy-related carbon dioxide (CO2) emissions fell 3%, or 134 million metric tons, in 2023 with most of the decrease occurring in the electric power sector, the U.S. Energy Information Administration reported on Thursday. Total U.S. energy-related CO2 emissions amounted to 4.81 billion metric tons last year, the lowest level since 2020, the...
Casella Waste Systems Swings to Q1 Adjusted Loss, Revenue Rises; 2024 Outlook Affirmed
Casella Waste Systems Swings to Q1 Adjusted Loss, Revenue Rises; 2024 Outlook Affirmed
Apr 26, 2024
05:46 AM EDT, 04/26/2024 (MT Newswires) -- Casella Waste Systems ( CWST ) reported a Q1 adjusted loss late Thursday of $0.01 per diluted share, swinging from earnings of $0.10 a year earlier. Analysts polled by Capital IQ expected a loss of $0.02. Revenue for the quarter ended March 31 was $341 million, up from $262.6 million a year earlier....
Copyright 2023-2025 - www.financetom.com All Rights Reserved