70% of EU exports to be impacted by tariffs.
EU officials have said some €380 billion worth of EU exports will be hit by US President Donald Trump's array of tariffs, amounting to some 70% of all EU exports to the US.
The bloc will imminently retaliate against Trump's 25% tariffs on steel and aluminium, but will take time to analyse the impact of last night’s range of reciprocal tariffs before deciding on further countermeasures.
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