#CryptoClarityAct Amid trade tensions with the United States

According to Block Beats, the European Union is preparing to impose a 30% tariff on about 100 billion euros ($117 billion) of American products if trade negotiations fail, and U.S. President Donald Trump has threatened to impose similar tariffs on most EU exports after August 1. A spokesperson for the European Commission stated that the EU plans, as part of its initial countermeasures, to compile an approved tariff list targeting 21 billion euros of American goods, with a proposed list affecting an additional 72 billion euros in a comprehensive package.

Sources indicate that U.S. exports, including Boeing aircraft, American-made cars, and bourbon whiskey, will face tariffs matching the 30% rate proposed by Trump. These tariffs are set to take effect next month, pending the collapse of negotiations and the implementation of U.S. tariffs after the August deadline. A government official, who spoke anonymously, stated that Berlin is even prepared to support the activation of the EU's Anti-Coercion Instrument (ACI) if no agreement is reached. This instrument