Titelseite > Nachrichtenzentrum > EU preps tariff hit list targeting US services

EU preps tariff hit list targeting US services

Veröffentlichungszeit: 2025-07-17

The EU is compiling a list of possible tariffs it could respond with should its negotiations with Washington fall through.

According to sources, the European Commission is considering export control measures on goods worth $845 billion, equating to roughly 74 billion euros.

Still, it has yet to share the list with EU member states.

So far, its tariff package is set to include levies on several goods, including cars and bourbon from the US.

Trump threatened to impose a 30% levy on the EU Since April, the US and EU have been engaged in trade discussions .

Trump first unveiled a 20% tariff on European goods in April.

He later suspended the move, cutting the rate to 10%.

However, on Sunday, he declared a new 30% tariff set on the bloc to begin August 1, saying he wanted to rebalance the $235.6bn trade deficit between the EU and the US.

The new levy announcement, however, resulted in French and German bonds slumping to levels last seen during the eurozone’s 2009–11 debt crisis.

It also caused investors to raise concerns about the future of the $1.7 trillion transatlantic trade partnership.

On Monday, the Trade EU commissioner, Maros Sefcovic, even argued that new rates would be “almost impossible to continue the trading as we are used to in a transatlantic relationship.” Before the EU negotiated for tariffs to remain at 10% and for several tariff exemptions and reductions for major exports like automobiles, the newly proposed levies have only added more complexity to the talks.

So far, the American President has threatened at least 20 other trading allies with more levies, including Canada, Japan, South Korea, Indonesia, and Brazil.

He also warned he would set a 50% tariff on all copper imports.

Sefcovic maintains they need to protect the EU economy Trump had placed a 25% levy on European steel, aluminum, and cars to reduce the nation’s reliance on metal imports and encourage domestic production.

Back then, Brussels slapped retaliatory tariffs on the country of $23.8 billion worth of US goods, calling the American measures “unjustified and harmful.” However, during negotiations, the EU later put off their tariffs as a show of good faith.

In April, the European Commission President, Ursula Von der Leyen, had proposed a tariff-free deal for industrial goods like cars.

Still, Trump dismissed the idea as inadequate in addressing the trade deficit.

To the most recent round of tariffs, Von der Leyen only urged EU members to keep negotiating with Washington.

Sefcovic, however, claimed they are preparing for retaliatory tariffs in case negotiations fail before the August 1 deadline.

He claimed they needed to shield the EU economy and focus on rebalancing.

Nevertheless, he insisted he would do what he could to avoid a “super-negative scenario.” Brussels plans to target about 11 billion euros if negotiations break down, or roughly $13 billion worth of US aircraft and parts.

Their tariffs will also extend to cars, machinery, electrical products, chemicals, fruits and vegetables, and alcoholic drinks like bourbon and rum.

One person familiar with the matter claimed the commission may impose retaliatory measures on US tech companies’ products.

However, the Commission’s trade policy committee still has to greenlight the tariff list before it can be implemented.

KEY Difference Wire helps crypto brands break through and dominate headlines fast.

Neueste Nachrichten

Solana Memecoin Market: Pump.fun’s Astonishing Dominance Unveiled
2025-08-18
BitcoinWorld Solana Memecoin Market: Pump.fun’s Astonishing Dominance Unveiled The dynamic world of
Samson Mow Pushes Mining Hardware Ban as Bitcoin Core 30 Sparks Spam Debate
2025-08-18
Bitcoin’s ongoing scaling dispute has taken a new twist as industry figures debate how to handle wha
AI Chatbot Regulation: Texas AG Launches Alarming Probe into Meta, Character.AI
2025-08-18
BitcoinWorld AI Chatbot Regulation: Texas AG Launches Alarming Probe into Meta, Character.AI In an e
Market Is Falling, But XRP and Cardano (ADA) Whales Are Thriving – Here are the Latest Figures
2025-08-18
Despite the recent correction in the cryptocurrency market, Cardano (ADA) and XRP whales continue to
Massive XRP Transfer: 200 Million XRP Moves from Ripple to Unknown Wallet
2025-08-18
BitcoinWorld Massive XRP Transfer: 200 Million XRP Moves from Ripple to Unknown Wallet A significant
Amdax Unveils Euronext-Bound Bitcoin Treasury Targeting 1% Supply – Europe’s MicroStrategy?
2025-08-18
Amsterdam-based crypto service provider Amdax has announced the launch of AMBTS B.V. , a new Bitcoin

Copyright © 2006–2025 Zraox – Ihr Netzwerk für Social Investment, alle Rechte vorbehalten.