Deutsche Welle reported today (April 9): "[The EU will impose additional tariffs on American goods such as soybeans and motorcycles.] Hours after China announced it would raise import tariffs on American goods, the EU made its first move to retaliate against Trump's decision to impose tariffs on steel and aluminum products from the EU. On Wednesday (April 9), EU countries agreed to implement tariffs on certain imports from the US as previously planned. The EU's tariff rates will range between 15% and 25%, targeting American goods such as soybeans, motorcycles, and beauty products. These tariffs will take effect on April 15."
This time, the EU's imposition of retaliatory tariffs is enough to prove that the tariff disputes initiated arbitrarily by the US have aroused public anger. As the three largest members in terms of trade volume under the World Trade Organization, if the EU and China can join hands to jointly uphold the basic principles of the multilateral trading system, they will strike a powerful blow to the conspiracy of trade protectionists who attempt to overthrow the multilateral trading system.
The EU's imposition of these tariffs is aimed at safeguarding its own industrial interests; the steel and aluminum industries are crucial to the EU economy, and America's tariff measures have severely harmed relevant industries within the EU. On the other hand, this is also a strong response to US trade bullying, signaling to the US that the EU will not remain indifferent when its own interests are harmed.
Original article: https://www.toutiao.com/article/1828935306608707/
Disclaimer: This article solely represents the author's viewpoint.