EU has prepared hundreds of tariffs on U.S. goods if a trade deal can’t be made
- The European Commission announced on Thursday that it has prepared hundreds of tariffs on over $107 billion worth of U.S. Goods if no trade deal is reached by June 10.
- This action follows the Trump administration's tariffs on EU steel, aluminum, and vehicles, and includes a 90-day partial suspension window aimed at negotiation.
- The EU's tariff list covers diverse U.S. Exports, including agricultural, industrial, and automotive products, and directly affects companies like Boeing and airline Ryanair, which may shift orders to COMAC.
- Ursula von der Leyen, head of the European Commission, emphasized that the EU is dedicated to reaching negotiated agreements with the United States, while also preparing for every possible scenario to protect its interests.
- If enforced, these countermeasures valued at €95bn could intensify trade disputes, posing risks to consumer prices, corporate expansion, and the stability of industries in both Europe and the United States.
18 Articles
18 Articles
Billion-dollar tariffs: EU threatens US counterattack
The trade conflict between the US and the EU is going into the next round: the European Commission is working on special tariffs on US exports worth up to EUR 95 billion. The levies could be affected by whiskey, cars or sweet potatoes. The additional tariffs could be imposed if the EU's negotiations with Washington did not lead to a solution, as a Brussels authority announced. The deadline for this is currently July. There is a 90-day deadline, …
Commission submits list of US goods to be subject to customs clearance
From antiques to batteries and aircraft to breeding horses: In the customs dispute with the USA, the EU Commission has presented a list of thousands of US goods to which new customs duties should apply in the future. By Thomas Spickhofen.
Commercial war: EU wants to target U.S. automobiles and aircraft if negotiations fail
On Thursday, the EU threatened to tax US imports, including cars and aircraft, for 95 billion euros (148.74 million Canadian dollars), in the event of the failure of negotiations to put an end to Donald Trump's customs duties on European products.
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