EU prepares countermeasures against US - 95 billion euros of retaliatory tariffs on American imports
The European Commission proposed countermeasures worth up to 95 billion euros on US imports if negotiations with Washington fail. The new measures, which represent the EU's response to US import tariffs, will target wine, fish, aircraft, cars, chemicals, electrical equipment, health products and machinery.
The European Commission said it was launching a month-long consultation for EU members and businesses to react. It will then make a final decision on the counter-tariffs, which are likely to hit a smaller volume of US imports.
The European Union currently faces 25% import tariffs on steel, aluminum and cars, as well as so-called "reciprocal" tariffs of 10% on almost all other goods, a tax that could rise to 20% when Trump's 90-day pause expires on July 8.
The bloc's executive has repeatedly said it would prefer a negotiated solution to the tariffs, but wants to have a retaliatory response ready for July in case the parties fail to reach an agreement.
In April, the EU adopted tariffs of mostly 25% on US imports worth €21 billion, including corn, wheat, motorcycles and clothing. These were suspended before they could take effect after Trump announced his 90-day pause. The Commission has said that the US tariffs in force now cover €380 billion, or 70% of the EU's trade in goods with the US, and that figure could rise to 97% after further US investigations into pharmaceuticals, semiconductors, critical minerals and trucks.
US Vice President JD Vance said a few days ago that discussions between the United States and Europe were ongoing and that Washington was pressuring the EU to lower tariffs and regulatory barriers.
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