The European Union upped the pressure Thursday in its trade dispute with U.S. President Donald Trump by proposing potential tariffs on nearly €100 billion of imports — including big-ticket items like aircraft.
The lists include includes passenger cars, medical devices, chemicals and plastics, and a slew of agricultural products. Also back on the list are bourbon and other spirits, after wine-producing nations France and Italy pressured the Commission to remove them fearing Trump’s wrath.
These are part of a 200-page catalog of more than 4,800 goods compiled by EU trade officials in response to Trump’s imposition last month of “reciprocal” tariffs as well as tariffs on EU cars. EU imports of these items exceeded €109 billion in 2024 according to Eurostat — aircraft are the biggest at more than €13 billion followed by autos at €7 billion.
The EU is also considering restricting exports of scrap steel and chemical products worth €4.4 billion.
And, in a parallel measure, Brussels would launch a dispute at the World Trade Organization over Trump’s imposition of so-called reciprocal tariffs, as well as tariffs on cars and car parts. It is not clear yet when Brussels will officially start the case.
Posted by John3262005
2 Comments
Markets: “but did you see the amazing new trade deal with the UK which keeps a 10% tariff in place?”
The commission doesn’t get the basics. They think their tariffs are being paid by America. Any freshman econ student could tell you that the European people are paying these tariffs.
The cashiers at Aldi see what’s going on – they know more about economics than the Commission. #TeamMario