The European Commission is reportedly planning to block imports of certain foodstuff from the US

US President Donald Trump has warned that Brussels' potential move to block imports of American soybeans and other foods produced in accordance with different standards would only hurt the European Union. The bloc is reportedly mulling countermeasures in response to Washington's recent tariffs.

The trade row between the US and the EU has been escalating since Trump announced plans to introduce a wide range of import duties in an effort to tackle what he describes as a trade imbalance. The measures include massive tariffs on steel and aluminum, reciprocal country-by-country duties as well as separate levies on cars, pharmaceuticals and semiconductor chips.

The Financial Times reported on Sunday, citing officials, that the European Commission is preparing to announce the first round of retaliatory tariffs. These measures are expected to target US crops, including soybeans, that are cultivated using pesticides banned for use by EU farmers.

The US president shrugged off the reported push, saying that "it's just hurting themselves if they do that." Trump stressed that the White House was sticking to the plan to start implementing reciprocal tariffs.

"That's alright, I don't mind; Let them do it, let them do it," he said on Sunday, speaking to journalists who had arrived in Daytona Beach, Florida, for the Daytona 500 car race.

The US and the EU have been embroiled in a major trade dispute since 2018, when Trump introduced tariffs of 25% on European steel imports and 10% on aluminum, citing national security concerns due to European competition.

In response, the EU introduced countermeasures, slapping import duties on Harley-Davidson motorcycles and Levi Strauss & Co jeans. Tensions escalated further when Trump threatened tariffs on European car exports, although those measures were never enforced.

As part of his latest tariff spree, Trump has imposed 25% duties on all steel and aluminum brought into the US starting March 4. The president emphasized that the tariffs would apply on top of the existing tariffs on metals.

Last week, Trump reportedly instructed Howard Lutnick, his nominee for the position of US trade representative and commerce secretary, to propose new levies on a country-by-country basis in an effort to rebalance trade relations by April 1.

Since his inauguration on January 20, he has also placed a 25% levy on all imports from Mexico and Canada along with additional 10% tariff on goods from China, citing illegal immigration and drug trafficking concerns. Following discussions with Mexican and Canadian leaders, the tariffs were postponed for 30 days as both nations agreed to enhance border security.

Trump also put a hold on a key tariff provision by maintaining the duty-free status of small-value packages from China, after the measure caused disruptions in deliveries last week.

(RT.com)