3/12/2025 8:00 am

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Corn and commodities  under pressure...EU puts counter-tariffs on US ag products.

The European Union launched countermeasures on Wednesday against new US metals tariffs, with plans to impose its own duties on up to $26 billion ($28.3 billion) worth of American goods.

The announcement came hours after the US administration imposed 25% tariffs on steel and aluminum imports in a massive escalation of the trade war between the longstanding allies.

 The EU will also immediately begin consultations with member states, with the aim of adopting the additional lists of agricultural and industrial goods subject to tariffs as high as 25% by mid-April. Officials said the idea is to allow a window for negotiations.

 3/11/2025