US EditionEU Readies €100 Billion No-Deal Plan to Match US 30% Tariff
EUROPEAN UNION, JUL 23 – The European Union plans countertariffs worth over €100 billion to match US 30% tariffs on key American goods if trade talks fail by August 1, officials said.
- The European Union is preparing to impose merged retaliatory tariffs on US goods starting Thursday next week if trade talks with the US fail to reach an agreement by the August 1 deadline.
- This preparation follows growing tensions as US President Donald Trump threatens 30 percent tariffs on European exports after August 1 amid stalled negotiations.
- The EU has drafted two tariff lists totaling about 100 billion euros targeting US industrial products, including Boeing aircraft, cars, and bourbon whiskey, with France and Germany calling for a strong response if talks break down.
- European Commission spokesman Olof Gill emphasized the EU's priority to negotiate but confirmed readiness to impose tariffs and activate a broad anti-coercion mechanism if economic coercion is demonstrated.
- The escalation risks economic uncertainty and underscores hardened stances among EU member states while talks continue, highlighting the urgency to avoid a damaging transatlantic trade war.
56 Articles
56 Articles
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The European Commission plans to submit counter-tariffs on 93 billion euros ($109 billion) of U.S. goods for approval to EU members, while its trade chief will hold talks with U.S. Commerce Secretary Howard Lutnick.
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