Who’s hit by tariff war crossfire? Wine, plastics and pulp & paper top list of sectors

By Peggy Corbin & Gerardo Fortuna
Euro News
March 14, 2025
Category: Business & Politics
Region: United States, International

European industry is scrutinising the list of products drawn up by the European Commission in response to US tariffs on steel and aluminium, and not everyone is pleased. EU tariffs on American products are adversely affecting EU manufacturers of wines, plastics and pulp among other sectors relying on imported products hit by tariffs or caught as collateral victims of the trade war between both sides of the Atlantic. …The European pulp and paper industry has also reacted after seeing imports of the products from the US on the EU list. The EU imported €962 millions’ worth of pulp and €650 millions worth of paper and board from the US in 2023. In exchange European exports of pulp and paper and board were worth €238 million and €2.4 billion respectively. The sector has no interest in a trade war with the Americans. Jori Ringman, Director General, said that “EU and US consumers who need basic hygiene products” were going to be impacted as well as “a whole range of sectors using paper packaging.”

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