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US reciprocal tariffs will affect some EUR290 billion of EU exports, bloc says

By Joanna Sopinska and Ansley Franco ( April 3, 2025, 16:06 GMT | Insight) -- The US reciprocal tariffs announced yesterday and set at 20 percent will affect about 290 billion euros of EU exports to the US, costing its importers approximately 58 billion euros annually, a senior EU official said today. Once those measures take effect later this month, approximately 70 percent of all EU exports to the US, valued at around 370 billion euros, will face tariffs at US borders, the official added.The US reciprocal tariffs announced yesterday and set at 20 percent will affect about 290 billion euros ($321 billion) of EU exports to the US, costing its importers approximately 58 billion euros annually, a senior EU official said today. Once those measures take effect later this month, approximately 70 percent of all EU exports to the US, valued at around 370 billion euros, will face tariffs at US borders, the official added....

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