EU Stands United Against US Tariffs

European Commissioner for Trade and Economic Security, Maros Sefcovic, has confirmed the EU's firm stance against recent US tariffs. A decisive vote on the first package of countermeasures is scheduled for April 9, with implementation set for April 15. A second phase of measures will follow on May 15, showcasing the EU's resolve to act swiftly and decisively.

Strategic Response to Protect EU Exports

With US tariffs affecting approximately 70% of EU exports, valued at €380 billion, the EU is carefully crafting its response. Sefcovic emphasized that the union's strategy is not about matching the US dollar for dollar but about utilizing all available tools to safeguard European interests. The EU remains open to all options, ensuring a comprehensive approach to this trade challenge.

VAT to Remain Unchanged

Amidst discussions, the EU has clearly stated its intention to maintain the current value-added tax (VAT) system. This decision comes despite the Trump administration's view of VAT as a non-tariff barrier to US exports. The EU's commitment to its fiscal policies underscores its determination to protect its economic sovereignty.