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EU digs in with €100bn no-deal plan to counter US' 30% tariffs
July 24, 2025
|Financial Express Lucknow
The European Union (EU) plans to quickly hit the US with 30% tariffs on some €100 billion ($117 billion) worth of goods in the event of no deal and if US President Donald Trump carries through with his threat to impose that rate on most of the bloc's exports after August 1.
This comes as EU member states, including Germany, have hardened their stance against the US.
As a part of a first wave of countermeasures, the EU would combine an already approved list of tariffs on €21 billion of US goods and a previously proposed list on an additional €72 billion of American products into one package, a European Commission spokesman said on Wednesday.
هذه القصة من طبعة July 24, 2025 من Financial Express Lucknow.
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