EU trade ministers condemned the U.S.'s 30% tariffs, planning countermeasures. The tariffs, impacting both sides of the Atlantic, are set to begin August 1st. The EU, America's largest trading partner, is delaying its own tariffs to pursue a trade deal.
The EU's trade representative, Maros Sefcovic, called the tariffs "unacceptable." The EU is preparing a second list of goods for potential countermeasures. Denmark's Foreign Minister emphasized unity and readiness to respond.
The tariffs could raise prices on various goods in the U.S. Brussels is delaying its response, hoping for a deal by month's end. Negotiations continue, but the EU is preparing for all outcomes.
The tariffs are part of Trump's ongoing trade actions. The American Chamber of Commerce in the EU expressed concern. European leaders are united, seeking a cautious approach. The EU is also focusing on opening new markets, including a new agreement with Indonesia.
5 Comments
Coccinella
Consumers will bear the burden. This sucks.
Muchacho
We need to make sure the EU cannot damage the U.S. trade market.
Comandante
Finally! Someone standing up to unfair trade practices! The EU has been taking advantage of us.
Mariposa
Glad to see the US standing up to the EU!
Africa
Hopefully these tariffs level the playing field. We've been getting the short end of the stick.