US EditionEU Warns of ‘Big Gap’ in Trade Talks After Trump’s 30% Tariff Threat
BRUSSELS, BELGIUM, JUL 14 – EU trade ministers aim to prevent 30% US tariffs starting August 1 by intensifying negotiations and preparing retaliatory tariffs worth 100 billion euros if talks fail.
- On Jul 14, EU trade ministers convened in Brussels to prioritize negotiations, aiming to prevent US tariffs set for August 1.
- On Saturday, US President Donald Trump announced 30% tariffs on EU and Mexico starting Aug. 1, escalating trade tensions after months of negotiations.
- EU ministers outlined potential countermeasures, including a proposed €72 billion package and a €21 billion delay until early August.
- Markets responded with a slide in shares, Friedrich Merz said `I will be working on this really intensively`.
- The EU has been eyeing new partners, as it accelerates talks with BRICS to diversify trade and reduce reliance on US–EU bilateral trade worth €1.68 trillion last year.
100 Articles
100 Articles
The European negotiator Sefcovic has heard his American counterparts: "With 30% trade is blocked" . The Commission prepares for the hypothesis that everything is jumping: ready the list of counter-measures of 72 billion euros
The European Union (EU) warned that its trade with the United States could virtually disappear if Washington meets its threat of imposing a 30% tariff on products imported from the bloc.
By Anna Cooban and James Frater, CNN The European Union (EU) warned that its trade with the United States could virtually disappear if Washington makes good on its threat of a 30% tariff on goods imported from the bloc. A tariff of “30%, or anything higher… has more or less the same effect. It effectively prohibits trade,” said EU Trade Commissioner Maroš Šefčovič upon arriving for a EU ministerial meeting in Brussels on Monday. Šefčovič said it…
BRUSSELS (AP) — EU trade ministers agreed Monday that President Donald Trump's announcement to impose 30% tariffs on the European Union is "absolutely unacceptable" and are considering a new set of…
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