EU Imposes Tariffs on US Goods in Response to Trade Tensions

The European Union has initiated retaliatory tariffs against the United States, escalating trade tensions and impacting both economies. The tariffs, which come into effect on April 15th, target approximately $24 billion worth of goods. The EU aims to counter US tariffs on steel, aluminum, and automobiles imposed earlier this year. This move is aimed at balancing the economic effects of those tariffs and could potentially impact global supply chains and consumer prices.