EU to prepare countermeasures to US reciprocal tariffs, says EU chief
- Donald Trump's administration imposed 20% tariffs on EU goods sold to the US, impacting various sectors.
- These tariffs, dubbed 'Liberation Day' tariffs, stemmed from the US belief that the EU charges unfair tariffs.
- French businesses convened an emergency meeting, as sectors like brandy, cognac, and gas turbines faced new challenges.
- Emmanuel Macron stated the tariffs would have a 'massive impact' and issued a 'call to arms': 'not to invest in America'.
- The EU considers retaliatory measures, potentially targeting US Big Tech, while Deutsche Bank projects a 0.4-0.8% GDP hit.
384 Articles
384 Articles
US tariffs: "Doing nothing would be accepting the new deal as other countries respond"
For the chief economist of the Allianz Ludovic Subran group, the question of the European response to Donald Trump's customs surcharges will be central to determining whether consumers and businesses will suffer from this new vision of globalisation.
The European Union prepares to respond to Donald Trump's tariffs to force the United States to negotiate
US President Donald Trump has announced that European products will be subject to 20% tariffs. The President of the Commission maintains her call for dialogue, but warns that Europe will not remain unanswered. ...
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