France’s European Affairs Minister, Benjamin Haddad, announced on March 12 that the European Union (EU) is prepared to escalate its response to US tariffs, though he emphasized that a trade war would benefit no one. His remarks followed the implementation of US President Donald Trump’s 25% tariffs on all steel and aluminium imports, a move aimed at reshaping global trade norms in favor of the United States.
In retaliation, the European Commission declared plans to impose counter tariffs on €26 billion (S$37.8 billion) worth of US goods starting in April. The suspension of existing tariffs on US products will end on April 1, with additional countermeasures to be introduced by mid-April.
Haddad hinted at the possibility of targeting digital services or intellectual property if further action becomes necessary. The European Commission reiterated its willingness to engage in dialogue but stressed the need to protect European businesses and consumers from what it described as unjustified trade restrictions. The situation underscores rising tensions in transatlantic trade relations.