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EU to Launch Retaliatory Tariffs on US Goods

The European Union will begin imposing retaliatory tariffs on US products starting April 15 in response to Washington’s duties on EU steel and aluminum. EU Trade Commissioner Maros Sefcovic confirmed the move after an emergency meeting of trade ministers in Luxembourg.

The tariffs will affect €380 billion worth of EU exports, particularly industrial goods and vehicles. A second round of tariffs is scheduled to take effect on May 15. Sefcovic said the EU prefers a negotiated solution but cannot delay its response indefinitely. Talks with the US are ongoing.

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Iran Warns Europe Over Nuclear Dispute

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Iranian Foreign Minister Abbas Arakchi issued a stern warning to the UK, Germany, and France, accusing them of making a “new strategic mistake” regarding Tehran’s nuclear program. In a social media post, Arakchi said, “Iran will give a tough and determined response to the violation of its rights,” criticizing the European trio for backing a resolution against Iran at the IAEA Board of Governors.

Arakchi condemned the move as baseless, recalling past disputes in 2005 which led to the expansion of Iran’s uranium enrichment. “Have these three really not learned any lessons in the last twenty years?” he said.

Meanwhile, the IAEA reported on May 31 that Iran’s 60% enriched uranium stockpile had grown from 274.8 kg in February to 408.6 kg by May 17. In response, the UK, Germany, and France are reportedly preparing to refer Iran’s file to the UN Security Council, which could activate the “snapback” mechanism and reimpose UN sanctions.

 

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