Red states may be hardest hit when the European Union retaliates against U.S. tariffs on steel and aluminum.
The E.U. has said it will issue retaliatory tariffs in two phases, with the first wave taking effect on April 1, affecting 8 billion euros worth of goods. A 99-page list of products that may be taxed by the second wave of tariffs — which goes into effect on April 13 and targets 18 billion euros worth of goods — has already been made public. In total, over the two phases, the E.U. will impose 26 billion euros worth of additional tariffs.
