EU to impose tariffs on US soybeans from December 1

The European Commission proposed on Monday to impose 25% counter-tariffs on a range of US goods in response to President Donald Trump’s tariffs on steel and aluminium, according to a document seen by Reuters.

The tariffs would take effect on some goods on May 16 and on others later, on December 1.

The products targeted by the counter-tariffs are diverse and include diamonds, eggs, dental floss, sausages and poultry. The counter-tariffs on almonds and soya beans will take effect on December 1.

EU trade chief Maroš Šefčovič said earlier on Monday that the counter-tariffs would have a smaller impact than the previously announced 26 billion euros ($28.45 billion) of measures.

EU member states are due to vote on the proposal on April 9.

Tags: EU, soybean, USA, restrictions