EU imposes 25% tax on many types of US goods

Thanh Hà |

The EU approves US countermeasures to tariffs on industry-based aluminum and steel.

After weeks of consultations between member states, the EU Commission and sectors, the EU approved retaliatory measures on April 9.

EU member states have approved a 25% tariff on many US goods, including almonds, orange juice, poultry, soy, steel and aluminum, cigarettes and yachts. The move is in response to the 25% tariff the US imposes on the EU steel and aluminum.

Euronews pointed out that these are Europe's first retaliatory measures in the trade war waged by US President Donald Trump against global trade partners.

These measures are the first step in the EU's response to the trade war with the US.

In addition to aluminum and steel, the Trump administration has imposed a 25% customs debt on EU cars and a 20% counterpart tax on all EU imports. 70% of the EU's export turnover to the US is affected by these measures.

The EU Commission is drafting a second response package to be submitted early next week, the EU body revealed on April 8.

Thanh Hà
RELATED NEWS

China makes strange move with US LNG

|

China has not imported US LNG for the longest period since the previous trade war, during President Donald Trump's first term.

German politician explores using Russian gas to pay for US taxes

|

German politician calls for resuming Russian gas supplies in response to US tariffs.

Cambodia reduces taxes on 19 types of imported products from the US

|

Cambodia is committed to boosting imports of products from the US by immediately reducing 19 types of products from the maximum binding tax rate of 35% to the applicable tax rate of 5%.

Hanoi requests review of many officials involved in land violations in Soc Son

|

Many officials of Soc Son district were previously required to self-criticize for allowing land violations to occur that have not been resolved thoroughly.

Ben Thanh - Can Gio Metro accelerates construction of 920m long Soai Rap river overpass

|

Ho Chi Minh City - Ben Thanh - Can Gio Metro is accelerating the construction of the 920m long Soai Rap river overpass with many simultaneous construction fronts, aiming to be completed in 2028.

Real estate market liquidity declines due to high interest rates and house prices

|

Ho Chi Minh City - Rising interest rates in the context of house prices continuing to remain high are creating great pressure on buyers' ability to pay.

The appearance of 2 8-10 lane roads in Dong Nai connecting Ho Chi Minh City to be completed soon

|

Dong Nai - 2 roads 25B and 25C with a scale of 8-10 lanes share the burden for expressways when traveling between Ho Chi Minh City and Long Thanh airport.

Many new proposals related to positions in the Military Command at commune level

|

The Law amending and supplementing a number of articles of 9 laws on military and national defense supplements many new regulations related to titles in the Military Command of commune level.

China makes strange move with US LNG

Thanh Hà |

China has not imported US LNG for the longest period since the previous trade war, during President Donald Trump's first term.

German politician explores using Russian gas to pay for US taxes

Thanh Hà |

German politician calls for resuming Russian gas supplies in response to US tariffs.

Cambodia reduces taxes on 19 types of imported products from the US

Theo TTXVN |

Cambodia is committed to boosting imports of products from the US by immediately reducing 19 types of products from the maximum binding tax rate of 35% to the applicable tax rate of 5%.