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.
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.
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