EU trade ministers unanimously deemed President Trump's announcement of 30% tariffs on the European Union as unacceptable. Following a meeting in Brussels, they signaled their intent to develop countermeasures and discuss proposals targeting approximately 72 billion euros worth of U.S. imports. The Danish foreign minister conveyed a strong sense of unity among ministers in exploring a trade agreement with the U.S. or implementing proportional countermeasures. The tariffs are set to begin on August 1, likely affecting the pricing of numerous European goods in the U.S. market.
The EU trade ministers met in Brussels to address U.S. President Donald Trump's announcement of 30% tariffs on the European Union, deemed "absolutely unacceptable."
EU trade representative Maroš Šefčovič stated that proposals for a second list of goods worth 72 billion euros would be discussed among member countries as a response.
Lars Løkke Rasmussen emphasized the EU's readiness to negotiate with Washington and implement countermeasures if necessary, expressing unity among the ministers.
The tariffs, starting August 1, could increase prices for various U.S. goods, impacting economies across Europe and disrupting significant trade partnerships.
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