US EditionEU eyes tariffs on $108 billion of U.S. goods over new Trump threat: Report
The European Union plans tariffs and trade restrictions worth €93 billion against the U.S. to counter President Trump's Greenland purchase attempt and tariff threats.
- On Jan. 18, the European Union prepared retaliatory measures including €93 billion in tariffs as EU ambassadors convened in Brussels.
- Over the weekend, President Donald Trump threatened 10% tariffs from Feb. 1 on eight countries, rising to 25% on June 1 unless a Greenland deal is struck, while diplomats held emergency talks in Brussels on Sunday considering the Anti-Coercion Instrument.
- A Commission spokesperson confirmed on February 6 that the suspension of the €93 billion counter-tariff package expires, triggering automatic counter-tariffs unless renewed, and the Anti-Coercion Instrument could restrict U.S. companies' EU market access.
- With an assembly vote due on Jan. 26, the European Parliament looks likely to suspend work on the EU-U.S. trade deal, as Helen McEntee stated, `These tariffs are not compatible with the EU-US agreement and they risk undermining the strength of our trans-Atlantic relationship at a time when co-operation matters more than ever.`
- Several EU leaders are expected at the World Economic Forum in Davos later this week, with economists warning months or potentially quarters of tariff uncertainty could unsettle European markets.
298 Articles
298 Articles
The Minister for Foreign Affairs recognises the effectiveness of an instrument proposed by Macron, which allows the EU to limit imports or block investments from countries applying coercive measures.
Donald Trump thanks you for your attention to these matters in his sec
WASHINGTON (AP) — A stunning military intervention in Venezuela. Telling the New York Giants which coach to hire. Threats against Iran , Denmark, Greenland and Colombia . Posing with someone else’s Nobel Peace Prize . Dangling the potential of deploying U.S. troops in Minneapolis. Flipping off a critic. Announcing an aggressive round of tariffs . Threatening political enemies. For President Donald Trump , this blizzard was just the first half of…
With the dispute over the Arctic island of Greenland, there may also be a new customs war, for which the European Union sees itself as armed. President Donald Trump plans to take action against the supporters of Greenland with customs duties.The conflict over the autonomous island belonging to Denmark is a facet richer: the EU now wants to react with countermeasures to Trump's announced punitive tariffs.A spokesman of the EU Commission confirmed…
The dispute over Greenland could be expensive for Germany's farmers.
Macron Urges EU to Unleash a Powerful Trade ‘Bazooka’ in Response to Trump’s Tariffs
French President Emmanuel Macron is set to call on the European Union to deploy a robust trade response to counteract recent tariffs imposed by the United States under the Trump administration. Speaking amid escalating transatlantic tensions, Macron plans to urge EU leaders to activate what he terms a trade “bazooka”-a powerful set of economic measures [...]
The EU is considering how it responds to Trump's threat of punitive tariffs. Economic weapons have them many, but some also meet the EU itself.
Coverage Details
Bias Distribution
- 35% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
