U.S. import tariffs provoke EU retaliation.

• EU suspends countermeasures to Trump’s first term tariffs, allowing higher tariffs from April 1.

• EU considers targeting another €18 billion of US imports to reflect broader range and higher value of EU exports.

• Second stage planned to be fully implemented by April 13.

• EU remains open to negotiations, emphasizing it’s not in America’s or the EU’s interest to burden economies with such tariffs.

• Proposed target products include industrial goods, agricultural goods, and leather and textiles.

• U.S. Trade Representative Jamieson Greer criticizes EU’s punitive action for disregarding national security and international security.

• UK Prime Minister Keir Starmer expresses disappointment over the tariffs, mentioning ongoing trade deal negotiations between the U.S. and the U.K.