EU Announces Retaliatory Measures Amid Stalled Trade Talks with U.S.
The European Commission proposed countermeasures targeting up to 95 billion euros of U.S. imports if negotiations with Washington do not resolve U.S. tariffs on EU goods. The potential tariffs include targeting U.S. products like wine and aircraft. A final decision on these measures is expected after member consultations.
The European Commission has proposed a sweeping range of countermeasures on U.S. imports, valued at up to 95 billion euros, should ongoing negotiations with Washington falter. This move is a direct response to the tariffs imposed by U.S. President Donald Trump on European imports.
The potential measures aim at vital American industries like wine, aircraft, and automotive parts, which could see retaliatory tariffs, should talks not yield a favorable outcome. The European Commission, representing the 27-nation EU, has initiated a month-long consultation process for member states and businesses to voice their opinions.
This development closely follows U.S. Vice President JD Vance's remarks on seeking a reduction of EU tariffs to enhance trade relations. While the EU hopes for a negotiated resolution, preparations are underway for counter-tariffs that might impact key U.S. sectors significantly if no agreement materializes by July.
(With inputs from agencies.)
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