India, April 8 -- In response to Donald Trump's recent 'reciprocal tariffs', the European Commission proposed counter-tariffs of 25% on a range of US goods on Monday.

According to a document seen by Reuters, EU member states aim to approve the plan later this week and it would enter into force on April 15, although most of the duties wouldn't be collected until mid-May.

The tariffs on some goods will take effect on May 16 and others later in the year, on December 1.

Notably, the EU member states are reportedly due to vote on the commission's proposal on April 9. The European Commission, however, declined to comment.

On Monday, European Union trade chief Maros Sefcovic said the counter-tariffs would have less impact than the previously...