‘If trade talks fail, we’ll…’: EU approves $109B counter-tariff package as Trump threatens 30% levy
Автор: The Economic Times
Загружено: 2025-07-24
Просмотров: 10071
Описание:
Amid rising tensions, the European Union has approved a massive €93 billion ($109B) counter-tariff package targeting US goods, set to activate on August 7 if trade talks with the United States collapse. This comes as US President Donald Trump threatens to impose 30% tariffs on EU exports by August 1. While both sides are reportedly nearing a deal that could include a 15% baseline tariff, Brussels is preparing for the worst.
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