EU delays retaliatory tariffs on U.S. goods
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The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing a rethink of its export-led economic model.
Aircraft and booze are among imports that would be targeted as EU debates how to respond to President Trump’s latest trade threats.
European trade ministers were hopeful for a negotiated trade deal after Trump announced 30% tariffs on the European Union.
EU trade ministers are meeting in Brussels to discuss 30% tariffs announced by President Donald Trump over the weekend.
After European Union leaders said they would keep negotiating instead of immediately retaliating against President Trump’s latest threat, businesses remain unable to develop long-term plans.
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23hon MSN
The European Union has prepared a €21 billion ($24.5 billion) list of tariffs on U.S. goods in case trade talks fail, Italy's Foreign Minister Antonio Tajani said in an interview with Il Messaggero newspaper,
President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the EU starting on August 1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal.