Pharma to escape EU tariffs worth 95bn as US aircraft and whiskey will potentially be hit
Briefly

Pharma to escape EU tariffs worth 95bn as US aircraft and whiskey will potentially be hit
"There will be a four-week consultation period and measures will not be implemented immediately, as the EU seeks to negotiate a resolution with the US."
"The EU is considering tariffs as a 'proportionate' response to the US's Liberation Day tariffs, which total nearly €380 billion, and they stress all options remain on the table."
Simon Harris announced a four-week consultation period regarding proposed EU tariffs against US products, including items like syringes, whiskey, and thoroughbred horses. While these measures could lead to retaliation, the EU deems it a 'proportionate' response to US tariffs amounting to €380 billion. Major employers like Ryanair face potential tariffs against Boeing, affecting orders worth €30 billion. The focus remains on negotiations with the US to achieve a favorable solution, with Harris emphasizing the importance of being prepared for all eventualities.
Read at Irish Independent
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