US EditionEU Says U.S. Trade Deal Is Within Reach, Approves Potential Countermeasures
EUROPEAN UNION, JUL 23 – EU member states approved tariffs on US products including bourbon whiskey and aircraft to counteract US steel, aluminium, and car tariffs ahead of the August 1 deadline, officials said.
- Thursday’s vote saw the European Union member states approve a €93 billion package of counter-tariffs, with only Hungary voting against.
- US President Donald Trump threatened to impose a 30% levy on EU goods by August 1, 2025, prompting preparations for countermeasures.
- The list targets aircraft, cars, orange juice, yachts, notably including bourbon whiskey despite lobbying by France and Ireland.
- EU capitals pledged to trigger the anti-coercion instrument, with Germany joining France in support.
- EU diplomats signal a potential trade deal, indicating a 15% tariff on EU exports to the U.S., with exemptions for sectors like aircraft and medicines.
32 Articles
32 Articles
The European Commission hopes to reach a trade deal with the US soon. If that fails, the European Union has decided to impose new tariffs on America. The countermeasures will automatically take effect on August 7 if no agreement is reached before then.
If trade talks with the US fail, the EU will face high tariffs from next week. Brussels has now prepared itself for this - and agreed on billion-dollar counter-tariffs.
EU member states agree to counter-tariffs on hundreds of US products worth €93 billion. Brussels will only retaliate if no deal is reached with Washington by August 1st.
The European Union continues to prepare the ground in case there is no trade agreement with the United States and on Thursday the ambassadors of the 27 have given their approval to the response prepared by Brussels in the event of a trade war: reprisals worth 93 billion euros, in two parts, as confirmed by diplomatic sources. The first of 21 billion in response to Donald Trump's tariffs on aluminum and steel and the second of 72 billion euros on…
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