US EditionPlanes, Whiskey and Cars: EU Threatens US Goods Pressing for a Tariff Deal
BRUSSELS, EUROPEAN UNION, JUL 15 – The European Union plans $108 billion in tariffs on US goods as retaliation for threatened 30% US tariffs, aiming to pressure a trade deal before the August 1 deadline.
- In Brussels, the European Commission proposed a €72 billion list of US goods, ready if talks collapse.
- Amid stalled negotiations, the EU warned of `absolutely unacceptable` tariffs, while Mr Trump threatened 30pc duties from Aug 1.
- Preparing counter-tariffs, EU trade commissioner Maros Sefcovic unveiled a €72 billion US goods list on July 14, and EU trade ministers met in Brussels to discuss next steps.
- The EU extended its suspension of countermeasures until early August and will continue seeking a negotiated settlement, according to an EU statement.
- Goldman Sachs warned that Mr Trump’s 30pc tariffs would slash eurozone growth by 1.2pc by the end of next year.
35 Articles
35 Articles
Planes, whiskey and cars: EU threatens US goods pressing for a tariff deal
Planes and whiskey are some of the goods that Brussels plans to target if tariff negotiations with Washington fail. While the EU commission had hoped for a positive outcome months into negotiations, US President Donald Trump threw a curveball at the weekend announcing that he would impose a 30 percent levy on European goods from August 1 if no deal was made.
The Killeen Daily Herald
EU threatens US planes and whiskey while pressing for deal
Brussels plans to target US goods including planes, cars and whiskey if trade talks with Washington fail, according to a list seen by AFP on Tuesday, as the bloc renewed its push for a deal.
EU Hits Back With $84 Billion Tariff Threat As Trump Ramps 30% Levy Plan: Boeing, Whiskey And Autos Now Squarely In The Crosshairs - Deere (NYSE:DE), Boeing (NYSE:BA)
The EU unveiled a €72 billion countermeasures list targeting U.S. exports, including aircraft, automotive products, and bourbon whiskey.
EU drafts $84B additional duties on U.S. goods - report (BA:NYSE)
The European Union has prepared a new list of retaliatory tariffs worth €72 billion ($84 billion) on U.S. goods, including Boeing (NYSE:BA) aircraft, automobiles, bourbon, and a wide range of industrial and agricultural products, Bloomberg reported.
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