EU to Approve Countermeasures Against U.S. Tariffs

According to Odaily, European Union countries are expected to approve the first round of countermeasures against tariffs imposed by U.S. President Donald Trump on Wednesday. This move aligns the EU with other nations like Canada in retaliating against the U.S. tariffs. On the same day, Trump's reciprocal tariffs on the EU and several other countries will take effect, further expanding the impact of these tariffs and triggering broader sell-offs in financial markets. The European Commission proposed on Monday to impose an additional 25% tariff on a range of U.S. imports as a direct response to the U.S. metal tariffs. The EU is still assessing how to address tariffs on automobiles and other broader taxation measures.