The European Union (EU) is preparing to impose additional retaliatory tariffs on goods imported from the United States amid an ongoing customs dispute. The measures, covering products worth €72 billion, are set to take effect if talks with Washington fail to yield a resolution.
European Commissioner for Trade, Maroš Šefčovič, stated that the updated list of industrial and agricultural products came after public consultations. Initially, the tariffs targeted imports valued at €95 billion, but this figure has since been reduced to €72 billion. However, Šefčovič did not specify which products were removed from the list.
Expressing disappointment over US President Donald Trump’s recent announcement on new customs duties, Šefčovič said: “We had been working for weeks on a comprehensive agreement and were very close to reaching it. This announcement introduces a completely different dynamic to the situation.”
He warned that the President’s plans would deal a severe blow to Transatlantic trade, emphasising the EU’s readiness to respond appropriately.
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