US Edition
EU threatens countermeasures over US tariffs, Trump says he is open to talks
BELGIUM, JUL 16 – EU trade ministers plan a second tariff package targeting €72 billion in U.S. goods to counteract threatened 30% U.S. tariffs starting August 1, aiming to protect EU economic interests.
- U.S. President Donald Trump announced plans to implement a 30% tariff on goods imported from the European Union starting August 1 if a trade agreement is not finalized.
- This announcement prompted EU trade ministers to meet in Brussels on Monday to consider countermeasures and reassess their negotiation tactics.
- European leaders, including German Chancellor Friedrich Merz, emphasized their preference for a negotiated solution while preparing possible retaliatory tariffs if necessary.
- Merz expressed optimism from their side that a deal was nearly finalized, while EU trade chief Maros Sefcovic emphasized that carefully planned retaliatory measures remain an option.
- The EU aims to use the time until August 1 to reach a deal, as retaliatory tariffs could damage economic policy efforts and impact Germany's export economy severely.
195 Articles
195 Articles
The countermeasures planned by the European Union (EU) are expected to lead to additional revenues of around 16 billion euros. The money is intended to be used by the Minister for Economic Affairs Wolfgang Hattmannsdorfer for the competitiveness of the EU. The first EU tariff package on EU goods will enter into force on 6 August. In the customs dispute with the USA Austria recently demanded for a tougher gear. Now the efforts bear fruit. With 6 …
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The Tánaiste has said that the EU has "shown considerable restraint" in responding to Donald Trump's tariffs threats and remains focussed on preventing an outcome that "will be deeply detrimental to both the EU and US".
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