The Trump administration also highlighted a 2.5% tariff on ethanol imports that compares to an 18% tariff applied by Brazil. The White House said this resulted in the U.S. importing “over $200 million in ethanol from Brazil, while the U.S. exported only $52 million in ethanol to Brazil.”

President Trump orders new reciprocal tariffs, aiming to overhaul global trade rules and pressure companies to manufacture in the US, sparking global tensions.

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.

Over $600 billion in European goods were imported by the U.S. last year. New tariffs from President Trump will likely hit these popular categories the hardest.

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