In a major escalation of trade tensions, the European Union has imposed tariffs on U.S. goods worth approximately $28 billion. This move is a direct response to the U.S. decision to implement a 25% tariff on steel and aluminum imports, a measure that took effect earlier today. EU Retaliatory

The European Union has issued a strong warning against potential U.S. tariffs, stating it will “respond firmly” if its industries are unfairly targeted. The statement comes after the U.S. administration imposed tariffs on imports from key trading partners, including Canada, Mexico, and China, sparking concerns over escalating trade tensions. EU’s Stand Against