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EU vows retaliation against US 'reciprocal' tariffs 'if negotiations fail'

( April 3, 2025, 04:02 GMT | Official Statement) -- MLex Summary: The EU will respond to the US reciprocal tariffs of 20 percent on the bloc’s imports with countermeasures, European Commission President Ursula Von der Leyen said. But she added that as the new retaliatory package is being prepared, the EU wants to engage with the US in negotiations on “reducing barriers, not raising them.“ The new US tariffs were announced on Wednesday by President Donald Trump as part of his bid to reduce the US trade deficit with other economies, including the EU. China, India, Japan, Vietnam and 20 countries, which were hit with high "reciprocal" tariffs. The rest of countries, except Canada and Mexico, were targeted with a baseline tariff of 10 percent.The statement follows: ...

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