EU Imposes Tariffs on US Imports: Impact on Trade and Markets

The European Union (EU) has imposed tariffs on US imports, marking a significant escalation in the trade tensions between the two economic powerhouses. On April 7, 2025, EU Vice President Maroš Šefčovič announced the implementation of tariffs starting April 15th, citing previous US tariffs on metals and automotive sectors as the trigger for this action. These tariffs are expected to significantly impact trade dynamics between the two regions and have triggered economic concerns across various industries.