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EU Plans €72 Billion Tariffs Against US Amid Trade Tensions
2025-07-15 10:30:10
Europe
USA

EU Plans €72 Billion Tariffs Against US Amid Trade Tensions

The European Union is poised to impose significant countervailing duties against the United States, amounting to 72 billion euros, in response to President Trump's recent tariffs on EU imports. The EU Commission deems these actions unacceptable and is actively preparing a list of products that will be affected.

While the bloc has delayed its retaliatory measures in hopes of reaching a negotiated agreement, the pressure is mounting as the deadline approaches. The German economy, heavily reliant on exports, stands at particular risk in this escalating trade conflict.

Despite the uncertainty created by Trump's threats, EU leaders are urged to maintain a strong stance and not yield to pressure. The situation remains fluid, with markets on edge as they await concrete actions from both sides, highlighting the delicate balance of interests within the EU and the increasing likelihood of a broader trade war.

Related news on that topic:

EU Delays Tariff Response Amid Trump's 30% Threat and Trade Talks

In the ongoing trade conflict with the United States, the European Union has opted to extend its suspension of countervailing duties until August, despite a new tariff threat from U.S. President Donald Trump. This decision, announced by EU Commission President Ursula von der Leyen, is aimed at facilitating further negotiations in hopes of resolving the trade dispute. Trump's latest declaration involves a substantial 30% tariff on European products, justified by a perceived trade imbalance with the EU. Previously, Trump had suggested even higher tariffs and initially threatened a 50% tariff rate, which was later adjusted. The EU's decision to delay its countermeasures, which include tariffs on U.S. goods worth approximately 21 billion euros, indicates its preference for a negotiated settlement over retaliatory actions. However, the EU remains prepared to implement these measures if necessary, alongside an additional list of potential tariffs on U.S. products valued at up to 95 billion euros. As the EU continues to prioritize a diplomatic resolution, it has also strengthened its global trade relationships, recently announcing a political agreement with Indonesia towards a free trade deal. This move underscores the EU's strategic efforts to expand its economic alliances amidst rising trade tensions. Meanwhile, European officials, including Germany's Finance Minister Lars Klingbeil, emphasize the need for earnest negotiations and caution that decisive actions will be taken if a fair agreement cannot be reached. The situation remains tense as the August deadline approaches, with both sides preparing for the possibility of escalated tariffs. The EU's stance reflects its commitment to dialogue, while also safeguarding its economic interests should negotiations fail to yield a satisfactory outcome.

Will EU Diplomacy Avert Trump's 30% Tariff on Imports?

The intensifying trade conflict between the US and the EU has become a focal point of international economic discussions. With President Donald Trump's announcement of a 30% tariff on EU imports, concerns have mounted across Europe, particularly in Germany, whose economy is heavily reliant on exports. Chancellor Friedrich Merz stressed the severe impact such tariffs could have on the German economy and emphasized the need for a negotiated solution before the August deadline. The EU has shown restraint by delaying its retaliatory measures, aiming to maintain an open dialogue and prevent further escalation. The proposed tariffs have stirred reactions from EU officials, with some advocating for a firm stance against the US, while others call for pragmatic negotiations to avoid a trade war. The potential economic ramifications are significant, as the tariffs could disrupt the €4.4 billion daily trade between the EU and the US. Business leaders and politicians alike have expressed their concerns over the possible economic downturn and the threat to transatlantic relations. Despite the looming challenges, there remains a cautious optimism that continued negotiations might avert the impending tariffs. The EU's strategic postponement of counter-tariffs reflects a hope for a diplomatic resolution, as the bloc seeks to protect its economic interests while avoiding a full-blown trade conflict.

Read 20 more recent news on this topic

The press radar on this topic:

DER SPIEGEL
14. Juli 2025 um 13:41

Trade Conflict: EU Plans Countervailing Duties Worth 72 Billion Against USA - DER SPIEGEL

The EU plans countervailing duties worth 72 billion euros against the USA, after US President Trump announced tariffs of 30% on imports from the EU. The EU Commission considers this to be "completely unacceptable" and is preparing a list of affected products. If there is no agreement by August 1, the EU wants to respond decisively. The strongly export-oriented German economy is considered particularly vulnerable in a possible trade war.
New York Times - World
15. Juli 2025 um 11:15

Would Europe Actually Retaliate Against Trump’s Tariffs?

The European Union is preparing to retaliate against President Trump's tariffs, with plans to impose levies on over $100 billion worth of American imports. However, the EU has repeatedly delayed implementing these retaliatory measures, hoping to negotiate a trade deal instead. Despite Trump's recent announcement of 30% tariffs on the EU, the bloc has again postponed its first batch of tariffs to allow for more talks. The EU is finalizing a second, larger list of American goods to target, but has..
DER SPIEGEL
15. Juli 2025 um 08:35

Donald Trump and the Trade War with the USA: The EU Must Not Back Down - Commentary - DER SPIEGEL

The article discusses the trade policy of US President Donald Trump and the European Union's reaction to it. The stock markets are ignoring Trump's threats, but the EU leadership should not fall for it. The article emphasizes that the EU should not cave in to the US tariff threats and instead take a resolute stance.
EL PAÍS
15. Juli 2025 um 03:30

Trump Threatens Again

Trump threatens new tariffs on the European Union, Mexico, Canada, and Japan; he has extended the temporary suspension of reciprocal tariffs until August; he has signed a provisional pact with Beijing that reduces the burden on Chinese exports and American products.
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