US Edition
EU to ramp up retaliation plans as US tariff deal prospects dim
BELGIUM, JUL 21 – The European Union plans tariffs on €21 billion of U.S. goods and may invoke the Anti-Coercion Instrument to counter the threatened 30% U.S. tariffs starting August 1.
- Ahead of August 1, Trump threatened a 30% tariff, prompting EU envoys to meet this week to plan countermeasures.
- Earlier this month, the US pushed for a near-universal tariff on EU goods exceeding 10%, with limited exemptions, after imposing heavier levies on key sectors.
- EU estimates show US duties affect €380 billion in exports, while the ACI could allow taxes on US tech giants and curb investments.
- Such retaliation may trigger a wider transatlantic trade rift, and tougher US tactics could follow if the EU retaliates.
- With talks faltering, the EU is preparing swift contingency plans, while EU diplomats discuss activating the anti-coercion instrument against coercive actions.
70 Articles
70 Articles
Washington is exerting pressure on Brussels on the Big Tech front and on the pharmaceutical chapter, which is considered sensitive. This is what is learned from several European sources close to the EU-US negotiations on tariffs. (ANSA)
As the days pass and the US President Donald Trump’s deadline for trade negotiations approaches on August 1st, the EU is getting fed up with Washington’s ways of negotiating. The latest news received by the Member States of those talks is not exactly pointing to the agreement. “There is growing consensus among the Member States that the situation is not satisfactory,” European diplomatic sources define, believing that the preparation of the scen…
The Federal Government hoped to tame US President Donald Trump with a gentle strategy on the customs issue. However, it did not succeed. Now the Federal Chancellor has decided on a tough course.
Ten days before the end of August 1st, the trade negotiations with Trump are stalled. Washington could come down to 20% of customs duties. That's still too much.
Brussels. The European Union (EU) is looking at a broader set of countermeasures to the United States, as the prospects for an acceptable trade agreement with Washington faded, according to the bloc’s diplomats. An increasing number of EU members, including Germany, see the possibility of applying far-reaching “antiquertion” measures that would allow the bloc to target US services and other sectors in the absence of an agreement. The European Co…
Svenska Dagbladet
hbl.fiThe negotiations on tariffs between the EU and the US are at their most sensitive stage, says Olof Gill, spokesperson for the EU Commission on trade issues. – All negotiations are psychology, Olof Gill tells TT.
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