US EditionEU, South Korea seek US trade deals to ease tariff pain
BRUSSELS, BELGIUM, JUL 14 – The EU and South Korea aim to negotiate with the US to prevent or reduce tariffs that could disrupt $1.96 trillion in EU-US trade, with talks ongoing ahead of the August 1 deadline.
- On Monday, the European Union and South Korea said they were working on trade deals with U.S. President Donald Trump to soften the impact ahead of the August 1 deadline.
- Early April reciprocal tariffs announcement led to fears of global supply chain disruptions, explaining the escalation of Trump's tariff campaign to boost the US economy, said markets guessing.
- On Monday, the European Commission announced it shared a proposal targeting €72 billion of US goods if talks fail, said Maro `efovi, European Commission Trade Representative, during Monday's press conference.
- Following the tariff threat, stock markets showed declines, with European stocks falling on Monday and U.S. futures indicating a lower Wall Street open.
51 Articles
51 Articles
South Korean government support needed to offset risks from Trump's drug tariffs according to think tank
Korea's pharmaceuticals industry needs government-level support to mitigate potential impacts from the United States' aggressive tariff policies, a local think tank said Tuesday. The recommendation co...
(Washington = Yonhap News) Correspondent Park Sung-min = US President Donald Trump recently sent a 'tariff letter' to major trading partners such as Korea, Japan, and the European Union (EU)...
In the tariff conflict with the USA, the European Union has prepared countermeasures, with a total of EUR 72 billion worth of imports from the United States planned.
The European Commission today presented to European Union (EU) member states a list of possible measures worth 72 billion euros, in the event that the US imposes 30 percent tariffs on its imports from the EU.
EU could target US$84 billions of US goods if tariff talks fail
BRUSSELS: The European Commission on Monday (Jul 14) said it was putting forward a new list of US goods worth €72 billion (US$84 billion) that could be targeted by EU levies if tariff talks with Washington fail. The bloc's trade chief, Commissioner Maros Sefcovic, announced the proposal, "accounting
In the customs dispute with US President Trump, the EU is preparing further counter-tariffs on imports from the US. They have a volume of 72 billion euros and are expected to enter into force if the negotiations with Washington fail.
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