EU prepares list of additional counter-tariffs on US$84 billion of US imports
Donald Trump
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EU is still hoping to find a negotiated solution in a dispute with Washington over alleged trade imbalances and threatened tariff increases. Brussels wants to avoid imposing the counter-tariffs.
Trump recently announced that he is imposing 30 per cent tariffs on imports from the bloc as of August 1. EU trade ministers met in Brussels on Monday to discuss how to respond to the latest announcement and to prepare countermeasures.
The list, now presented to EU member states, is based on a proposal by the European Commission in May and initially covered mainly industrial and agricultural goods with an import volume of around €95 billion (US$110 billion).
After consultations with capitals and industry representatives, the list was amended. Sefcovic did not provide any details on what goods were taken off the list.
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The list came in addition to a proposal to restrict EU exports of steel scrap and chemical products to the US worth €4.4 billion (US$5.1 billion).
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