EU eyes targeting 100 bn euros of US goods with tariffs
- The European Union intends to implement tariffs targeting US products valued at close to 100 billion euros if trade discussions do not result in an agreement by 2025.
- These measures respond to US President Donald Trump's March tariffs on Europe, including a 20-percent reciprocal tariff announced in April with a 90-day pause ending in July.
- The EU aims to pressure the US by targeting products like planes and autos worth over 22 billion euros, while seeking to avoid an all-out trade war through talks.
- EU Trade Commissioner Maros Sefcovic highlighted that tariffs between 10 and 25 percent impact 70 percent of the bloc's exports to the US, emphasizing that the EU must respond actively and cannot remain passive in the face of these challenges.
- If negotiations fail, the EU will launch WTO dispute proceedings and prepare broader retaliations, including on US Big Tech, underscoring the risk of escalating transatlantic trade conflict.
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EU threatens to target US cars, planes if Trump tariff talks fail
The EU on Thursday threatened to target US cars and planes among a raft of products worth 95 billion euros ($107 billion) if negotiations with President Donald Trump's team fail to avert a trade war.
·Paris, France
Read Full ArticleNew EU maxi-list counterdazi, also whiskey, suv and Boeing
At the start of the consultation until 10 June, measures of 100 billion. Brussels announces an appeal to the WTO against the reciprocal tariffs of Trump. Von der Leyen: 'We want agreement with the US but we are ready for everything' (ANSA)
·Italy
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Total News Sources76
Leaning Left8Leaning Right11Center12Last UpdatedBias Distribution39% Center
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39% Center
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C 39%
R 35%
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