The European Union has announced retaliatory tariffs on over $28 billion worth of U.S. goods, according to CNBC. The move is a response to President Donald Trump’s 25% tariffs on steel and aluminum imports that took effect Wednesday.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02The European Union has announced retaliatory tariffs on over $28 billion worth of U.S. goods,
00:07according to CNBC, who in response to President Donald Trump's 25% tariffs on steel and aluminum
00:12imports took effect on Wednesday. The EU will reinstate tariffs on over $8 billion of U.S.
00:18exports, while also imposing new countermeasures on over $19 billion of goods. The measures cover
00:24industrial metals, machinery parts, and commercial products. The escalating trade dispute has raised
00:29concerns about economic uncertainty and potential market instability. For all things money,
00:33visit Benzinga.com slash GSTV.