"The European Union member states voted to approve counter-tariffs on €93bn of US goods, subject to the outcome of negotiations with the US."
"The European Commission emphasized achieving a negotiated outcome with Washington to avoid a 30% tariff slated for August 1, as proposed by President Trump."
"The EU's countermeasures could harmonize proposed tariffs of €21 billion and €72 billion into a single list, pending final approval from member states."
"A potential trade deal may result in a broad 15% tariff on EU goods imported into the US, affecting sectors like cars and pharmaceuticals."
European Union member states approved counter-tariffs on €93 billion of US goods, which may be implemented if trade negotiations with the US fail. The European Commission is focused on reaching a negotiated outcome to prevent 30% US tariffs, set to be applied by President Trump. Plans for countermeasures combine two proposed tariff packages into one list. A potential trade deal could impose a 15% tariff on EU goods while preserving certain exempt sectors. The EU has yet to implement countermeasures despite Trump's announcements on tariffs.
Read at Irish Independent
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