Europe sets plans to hit back at Trump, impose tariffs on US goods
- The European Union plans to impose tariffs on up to 100 billion euros of US goods if trade talks fail by July 2025.
- This move responds to US President Donald Trump's tariff actions starting in March 2025, including a 20-percent levy on most EU goods described as "reciprocal".
- The EU has postponed some retaliatory tariffs worth 21 billion euros to allow negotiations while preparing a broader list including autos and planes valued at over 22 billion euros.
- EU trade chief Maros Sefcovic stated that 70 percent of EU exports face US tariffs between 10 and 25 percent and called the levies unjustified and harmful on both sides.
- If no agreement is reached, the EU will implement these tariffs, signaling readiness for escalation but continues to favor negotiations to avoid a full trade war.
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Trump fight has forced Europe out of its 'complacent, lethargic' ways, $1 trillion asset manager says
Tariffs may have wreaked havoc across the world, but there’s a silver lining—at least now, Europe has been jolted out of its lethargy “The decisions, the announcements by the U.S. president, have simply pushed Europe out of its pretty complacent, lethargic behavior,” said Stefan Hoops, the chief of Deutsche Bank-owned asset management arm DWS, which has over €1 trillion in assets under management. “You might question the method, but the outcome…
·New York, United States
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Leaning Left15Leaning Right16Center24Last UpdatedBias Distribution44% Center
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