US President Donald Trump announced the retaliation on many countries around the world, after which there is an atmosphere of tension all over the world. Europe, Asia and America themselves are suffering losses. The stock market has declined at the global level. The Indian stock market also fell around 3 percent on Monday. But the countries have opened a front at the global level against the American tariff. While Vietnam pleaded for tariff exemption from America. On the other hand, China has put 34 percent tariff on the USA. Now the news is coming that after China, the European Union is also preparing to put a 25 percent tariff on some products of America.
According to a report by Reuters, the European Union is thinking of retaliation in response to the tariff imposed on the countries of Europe by the US. The European Union is considering putting a 25 % counter -tariff on some imports of USA. The EU is thinking about putting tariffs on the US in two phases, the first is planning to put tariffs on Trump from May 16 and the second year from 1 December 2025.
These products will be tariff
Aluminum and steel products sold by the US in Europe countries may be targeted. Apart from this, the European Union can impose tariffs in the wide range on American goods, including diamonds, eggs, dental floss sausage and poultry. It has been proposed to implement the counter-tariff on almonds and soybeans from December 1. The European Union said on behalf of the Trade Chief that the US will be lower than the $ 28.45 billion and no tariff will be imposed on borbons, wine and dairy.
Will be fixed on 9 April
How much tariff will be placed by the European Union on American products. Which products will be applied? Voting is to be held on 9 April between the countries of the European Union. After that, the decision to decide the tariff on America will be final. However, before this, the European Union had already tightened the existing safeguard on steel in addition to counter-tariffs from April 1 to reduce the import by 15%.