EU sanctions US tariffs on steel and aluminum with retaliatory measures
The bloc is still assessing how to respond to the car and broader tariffs.
The European Union has approved its first set of retaliatory measures in response to U.S. tariffs on steel and aluminum.
More are expected from next Tuesday.
The 25 percent U.S. tariffs on all steel and aluminum imports went into effect shortly after midnight on March 12.
A committee of trade experts from the EU’s 27 countries voted on Wednesday afternoon on the commission’s proposal. EU diplomats said that 26 EU members had voted in favor, with only Hungary voting against the proposal.
The bloc is still assessing how to respond to the car and broader tariffs.
“These countermeasures can be suspended at any time, should the United States agree to a fair and balanced negotiated outcome,” the European Commission said.
Trump was responding to European Commission President Ursula von der Leyen, who said on Monday during a news conference in Brussels that the EU was ready to negotiate a “zero-for-zero” tariff pact on industrial goods.
When asked by a reporter at the White House whether the offer was enough for him to back down on 20 percent duties on imports, Trump said: “No, it’s not.
“The European Union’s been really tough over the years. We have a [trade] deficit with the European Union of $350 billion and it’s going to disappear fast.
“And one of the ways that that can disappear easily and quickly is they’re going to have to buy our energy from us. They can buy it, we can knock off $350 billion in one week.”
The 84 percent tariff replaces the previously announced 34 percent tariff.
Reuters contributed to this report.