New measures will target products such as American wine, fish, aircraft, cars and spare parts, chemicals, electrical equipment, health products and machinery
The European Commission proposed the fifth counterparts up to and 95 billion euros ($ 107.2 billion) For imports from the United States, in the event of a failure of trade negotiations with Washington to lift a series of duties imposed by US President Donald Trump.
The new measures, which constitute the EU’s response to US duties on car imports and broader “reciprocal” duties, will target products such as American wine, fish, aircraft, cars and spare parts, chemicals, electrical equipment and health products.
These are included in a 200 -page list of more than 4,800 products, drawn up by EU trade officials in response to the “reciprocal” duties imposed by Trump. According to Eurostat, EU imports for these species exceeded 109 billion euros in 2024 – with aircraft holding the lion’s share of over € 13 billion, and cars following 7 billion euros.
The European Commission, which coordinates the trade policy for the 27 EU Member States, has announced that it is launching a month of public consultation so that Member States and businesses can express their views. It will then make its final decision on countermeasures, which may be for lesser value of imports than the US.
The announcement of the new list of products that the EU may target is coincided with the day that Trump is expected to announce a trade agreement between the United States and Britain.
The US has already imposed and implemented 25% of the US duties to steel, aluminum and cars imports, as well as “reciprocal” duties of 10% on almost all other products – a percentage that may increase to 20% after the 90 -day suspension announced by Trump on July 8.
The Commission has repeatedly stressed that it prefers a negotiating solution instead of a retaliation war, but wants to be prepared with countermeasures for July if there is no agreement.
In April, the EU had approved tariffs, mainly 25%, in US products worth 21 billion euros, such as corn, wheat, motorcycles and clothing. These measures, in response to US duties on metals, were suspended before they were implemented, following Trump’s announcement for a 90 -day pause.
The Commission has stated that US duties already in force are already covering € 380 billion or 70% of European exports to the US, a percentage that could reach 97% if the US is expanding their duties to pharmaceuticals, semiconductors, critical minerals and trucks.
US Vice President Jay Di Vance said on Wednesday that talks between the United States and Europe are continuing and that Washington was putting pressure on the EU to reduce duties and regulatory barriers, with the aim of improving trade relationship.
Source: Skai
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