US EditionEU Eyes Retaliatory Tariffs Against US Aircraft, Cars and Bourbon
BRUSSELS, JUL 14 – The European Union targets $84 billion in US imports with new tariffs if talks fail, seeking to counter a threatened 30% US tariff on EU goods by August 1.
- On July 14, the European Commission proposed a new list of US goods worth €72 billion that could face EU tariffs if trade talks fail.
- This proposal follows earlier negotiations and countermeasures after US President Trump threatened 30% tariffs effective August 1 on EU imports.
- The EU list includes key items such as electrical equipment, machinery, cars, chemicals, and $6.35 billion in agriculture including wine and spirits.
- Maros Sefcovic, the EU’s trade commissioner, indicated that the member countries have consented to implement countermeasures if negotiations with the US collapse, while Denmark’s foreign minister highlighted that all ministers shared a completely united stance.
- The EU extended a suspension on enforcing tariffs to August 6 while seeking a deal, but it remains prepared to impose levies if no agreement is reached.
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At the heart of the European Commission's response to Donald Trump's announced tariffs on EU goods, a list seen by AFP today includes American planes, cars and bourbon, although Brussels still wants to give negotiations a chance.
EU warns of retaliatory tariffs on 72b euros in US goods as US threatens 30% tariffs
The EU on Monday unveiled a list of US goods worth €72 billion ($84 billion) it could target with tariffs if trade talks fail, after Trump threatened to hit EU exports with 30 percent duties from August 1, according to multiple news outlets.
Europe Draws Up Retaliatory Tariffs for U.S. Goods
“The European Union is readying a fresh list of American products—ranging from aircraft to alcoholic beverages, coffee and medical devices—to hit with retaliatory tariffs if a trade deal isn’t reached by President Trump’s Aug. 1 deadline,” the Wall Street Journal reports. “EU officials on Monday unveiled the list after Trump’s latest tariff threat over the weekend revived a debate in the bloc over whether it should fight back, and how forcefully…
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