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EU Warns of €72 Bln Retaliatory Tariffs Amid Escalating Trade Tensions with US - Times Kuwait

Summary by timeskuwait.com
The European Union remains committed to reaching a trade agreement with the United States, despite renewed threats from President Donald Trump to impose a 30 percent tariff on EU imports. However, officials warn that the bloc’s “patience is running out”, and preparations are underway for a €72 billion retaliatory tariff package if negotiations fail. Following a meeting of EU trade ministers in Brussels on Monday, European Trade Commissioner Maro…
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Additional duties will also be imposed on US machine-building products, chemicals and plastics

·Kyiv, Ukraine
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American cars, airplanes and whiskey are on the European Commission's list of the next package of retaliatory tariffs against the United States, Bloomberg reports.

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Share Talk broke the news in on Monday, July 14, 2025.
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