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%.

Gold price today 25.3: Gold rings and gold bars increase by another 7.1 million VND/tael

|

Today's gold price 25.3: Reverse and increase sharply in both domestic and world markets.

Iran begins to collect fees through the Strait of Hormuz, up to 2 million USD/trip

|

Iran is said to have started charging commercial ships passing through the Strait of Hormuz with a price of 2 million USD per trip.

Vietnamese medical tourism expects to earn nearly 4 billion USD in 2033

|

The Ministry of Health is seeking opinions on the draft Project on developing high-quality medical examination and treatment services, promoting medical tourism, attracting foreigners and Vietnamese people. The draft sets a target for 2030, 5 key localities Hanoi, Ho Chi Minh City, Da Nang, Quang Ninh, Khanh Hoa to implement an integrated medical tourism model between hospitals - hotels - resorts - travel agencies.

EU unexpectedly postpones ban on Russian oil amid energy crisis

|

The EU has not yet been able to set a time to announce the draft ban on Russian oil imports, although it previously targeted mid-April.

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%.