The European Union is hitting back. In response to the aggressive tariff policy of U.S. President Donald Trump, Brussels has imposed retaliatory measures worth over €72 billion ($84 billion) targeting American exports. The move affects a wide range of products—from cars and Boeing aircraft to iconic bourbon.
📃 Massive List: From Cars to Toys
The European Commission released a detailed 206-page document listing the items targeted by the countermeasures. In addition to cars and airplanes, the list includes:
🔹 machinery and engineering products
🔹 plastics and chemicals
🔹 electrical equipment
🔹 medical devices
🔹 agricultural products including wine, fruits, and vegetables
🔹 alcoholic beverages, toys, sports gear, and musical instruments
For now, the EU has refrained from imposing immediate tariffs, signaling it's still open to dialogue.
⏳ Trump’s Deadline Approaches
These measures come in retaliation for the 20% reciprocal tariffs introduced by the Trump administration in April. The U.S. hiked duties on EU goods, including a 25% tariff on cars and auto parts, later reduced to a 10% base rate to enable negotiations.
Over the weekend, Trump warned that tariffs could be raised to 30% if no deal is reached by August 1. However, he emphasized that the U.S. remains open to talks:
“They want a different kind of deal, and we're always open to conversations—including with Europe. In fact, they’re coming to us. They want to talk.”
— Donald Trump, President of the United States
The EU revised its initial €95 billion target list after consultations with member states and industry, with all 27 member nations required to approve any final measures.
💣 EU Ready to Escalate Further
The bloc is prepared to activate tariffs on over €65 billion in industrial goods, including:
🔹 €11 billion – aviation
🔹 €9.4 billion – machinery
🔹 €8 billion – automotive sector
Agricultural goods are also in the crosshairs, with proposed tariffs on €6 billion worth, notably:
🔹 €2 billion – fruits and vegetables
🔹 €1.2 billion – alcoholic beverages
Additional consumer goods facing potential tariffs:
🔹 €500 million – toys and hobby equipment
🔹 €200 million – musical instruments
🔹 €300+ million – sporting weapons
🤝 There’s Still Hope for a Deal
EU Trade Commissioner Maroš Šefčovič warned that Trump’s tariff threats pose a major risk to transatlantic relations, but said talks are ongoing and meetings are being scheduled with U.S. Commerce Secretary Howard Lutnick.
🌎 What About the Rest of the World?
🔹 Mexico: President Claudia Sheinbaum expressed hope for a security-focused trade agreement with the U.S., clarifying that Trump’s proposed 30% tariff wouldn’t apply to goods under the USMCA. She also denied any agreement would involve U.S. troops on Mexico’s borders.
🔹 South Korea: Officials said the August deadline made a deal difficult, but offered expanded agricultural market access to the U.S. Trade Minister Yeo Han-koo stressed the importance of avoiding American tariffs on key Korean industries.
📉 What's Next?
Europe has made it clear: it will not back down. With the August 1 deadline looming, the next few weeks could determine the future of U.S.–EU trade relations—and global markets as a whole.
#Eu , #Tariffs , #TradeWars , #TRUMP , #TradingCommunity
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