US EditionEU threatens countermeasures over US tariffs, Trump says he is open to talks
BELGIUM, JUL 16 – EU trade ministers unified in rejecting US 30% tariffs, preparing countermeasures worth €72 billion and prioritizing negotiations to preserve the $1.7 trillion transatlantic trade relationship.
- U.S. President Donald Trump announced plans to implement a 30% tariff on goods imported from the European Union starting August 1 if a trade agreement is not finalized.
- This announcement prompted EU trade ministers to meet in Brussels on Monday to consider countermeasures and reassess their negotiation tactics.
- European leaders, including German Chancellor Friedrich Merz, emphasized their preference for a negotiated solution while preparing possible retaliatory tariffs if necessary.
- Merz expressed optimism from their side that a deal was nearly finalized, while EU trade chief Maros Sefcovic emphasized that carefully planned retaliatory measures remain an option.
- The EU aims to use the time until August 1 to reach a deal, as retaliatory tariffs could damage economic policy efforts and impact Germany's export economy severely.
186 Articles
186 Articles
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The European Union is striking back just a day after U.S. President Donald Trump announced 30% tariffs on the bloc as well as on Mexico. The European Commission President is warning of countermeasures if the levies go ahead as planned on August 1. CGTN's Frances Kuo has more.
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