💨 Abstract

EU ministers prioritize negotiations over tariff retaliation with US, preparing initial countermeasures worth up to $28 billion in response to steel and aluminium tariffs. Negotiations with Washington have been challenging, and a larger package of countermeasures is expected by end of April to address car and reciprocal tariffs. The bloc has less to target in a trade war due to higher EU exports compared to US goods imports.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖