EU seeks united front on tariffs

BRUSSELS: European Union countries will seek to present a united front in the coming days against US President Donald Trump's tariffs, likely approving targeted countermeasures on up to US$20 billion ($671 billion baht) of US imports from dental floss to diamonds.

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Such a move would mean the EU joining China and Canada in imposing retaliatory taxes on the United States as its early escalation of what some fear will become a global trade war, making goods more expensive for billions of consumers and pushing economies around the world into recession.

The EU retaliation bloc focuses on import tariffs on steel and aluminium and cars and "reciprocal" tariffs of 20% from West, that is, one for almost all other goods.