EU STRIKES BACK — €72B IN TARIFFS TARGET U.S. GOODS
AUTOS, BOEING, BOURBON UNDER FIRE
TRADE TENSIONS ESCALATE AHEAD OF AUGUST 1 DEADLINE
The European Union has released retaliatory tariffs worth €72 billion, targeting U.S. exports including cars, aircraft, wine, machinery, and medical devices, in response to Trump’s earlier 20–30% U.S. tariff hikes.
The move follows months of stalled negotiations. With Trump warning of 30% tariffs starting August 1, the EU is bracing for a full-scale trade standoff.
Despite rising pressure, EU officials remain open to talks.
“We’re ready to defend our interests.” – EU Trade Chief Maroš Šefčovič
➡️ Stakes are high. Both sides are now racing the clock.
Will diplomacy prevail — or is a transatlantic trade war inevitable?