EU's Sefcovic says US tariffs hitting 380 billion euros' worth of its exports - Headlines news and analysis from Global Banking & Finance Review
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EU's Sefcovic says US tariffs hitting 380 billion euros' worth of its exports

Published by Global Banking & Finance Review

Posted on April 7, 2025

1 min read

· Last updated: April 7, 2025

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EU's Sefcovic: US Tariffs Impact 380 Billion Euros in Exports

LUXEMBOURG (Reuters) - The range of U.S. tariffs decided last week by President Donald Trump is hitting 380 billion euros ($416.21 billion) worth of EU exports to the United States, EU trade commissioner Maros Sefcovic told reporters on Monday.

He added the European Commission had worked a list of counter measures, which will be sent to EU member states later this Monday.

"The vote is set for April 9 with the final list adopted on April 15 and the duties on products will kick in on that day," he said.

($1 = 0.9130 euros)

(Reporting by Phil Blenkinsop and GV De Clercq; Editing by Makini Brice and Benoit Van Overstraeten)

Key Takeaways

  • US tariffs affect 380 billion euros of EU exports.
  • EU plans counter measures against US tariffs.
  • Final list of counter measures to be adopted on April 15.
  • EU trade commissioner Maros Sefcovic announced the measures.
  • Exchange rate: $1 equals 0.9130 euros.

Frequently Asked Questions

What is the main topic?
The article discusses US tariffs impacting 380 billion euros of EU exports and the EU's planned counter measures.
What measures is the EU planning?
The EU has prepared a list of counter measures to be voted on April 9 and implemented on April 15.
Who announced the impact of US tariffs?
EU trade commissioner Maros Sefcovic announced the impact and the EU's response.

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