EU rebalancing measures will apply on 22 June

As you may be aware, today 20 June the European Commission adopted rebalancing measures in reaction to US additional steel and aluminium tariffs. The measures will immediately target a list of products worth €2.8bn and will come into effect on Friday 22 June. The remaining rebalancing on trade valued at €3.6 billion will take place at a later stage – in three years' time or after a positive finding in WTO dispute settlement if that should come sooner. Commission press release may be found here, and the list of products is available here.

In addition to these documents, please find enclosed a summary and timeline to keep track of US actions and third countries’ reactions.