The European Commission announced on Monday its proposal for counter-tariffs of 25% on various U.S. products, responding to President Donald Trump’s tariffs on steel and aluminum, according to a document reviewed by Reuters.
The tariffs on certain items are set to take effect on May 16, while others will be implemented later in the year, specifically on December 1. The list of affected goods is diverse, including items such as diamonds, dental floss, sausages, nuts, and soybeans.
EU trade chief Maros Sefcovic noted earlier on Monday that the impact of these counter-tariffs would be less significant than the previously projected 26 billion euros ($28.45 billion).
Notably, bourbon, wine, and dairy products have been excluded from the initial list considered by the Commission in March.
Originally, the Commission had proposed a 50% tariff on bourbon, which led Trump to threaten a 200% counter-tariff on EU alcoholic beverages if the EU proceeded with its plans.
