US EditionEurope sets plans to hit back at Trump, impose tariffs on US goods
- The European Union plans to impose tariffs on up to 100 billion euros of US goods if trade talks fail by July 2025.
- This move responds to US President Donald Trump's tariff actions starting in March 2025, including a 20-percent levy on most EU goods described as "reciprocal".
- The EU has postponed some retaliatory tariffs worth 21 billion euros to allow negotiations while preparing a broader list including autos and planes valued at over 22 billion euros.
- EU trade chief Maros Sefcovic stated that 70 percent of EU exports face US tariffs between 10 and 25 percent and called the levies unjustified and harmful on both sides.
- If no agreement is reached, the EU will implement these tariffs, signaling readiness for escalation but continues to favor negotiations to avoid a full trade war.
81 Articles
81 Articles
David Hauner is Chief Economist for Emerging Markets at the Bank of America. Europe and China have far too long relied on the US to play the economic engine for the whole world.
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