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US tariffs: EU to start collecting duties in one week

Published on April 07, 2025 at 09:03 PM

The European Union on Monday said it would start collecting retaliatory duties on some imported U.S. goods next week as EU trade ministers agreed they preferred negotiations to remove tariffs imposed by President Donald Trump over retaliation.

The 27-nation bloc faces 25% import tariffs on steel and aluminum and cars, and reciprocal tariffs of 20% from Wednesday for almost all other goods under Trump's policy to hit countries he says impose high barriers to U.S. imports.

DAILY POST reports that ministers spearheading trade met in Luxembourg on Monday to debate the EU's response, as well as discuss relations with China.

“We need to remain calm and respond in a way that de-escalates. The stock markets right now show what will happen if we escalate straight away. But we will be prepared to take countermeasures if needed to get the Americans at the table,” Dutch Trade Minister Reinette Klever said.

Speaking at a press conference in Brussels, European Commission President Ursula von der Leyen said that the EU stood ready to negotiate a “zero-for-zero” tariff pact for industrial goods.

“Sooner or later, we will sit at the negotiation table with the U.S. and find a mutually acceptable compromise,” EU Trade Commissioner Maros Sefcovic added.

According to him, the EU would start collecting a first tranche of targeted retaliatory duties on U.S. imports from April 15 and a second wave from May 15, in reaction to the U.S. tariffs on European steel and aluminum.