EU trade ministers call Trump’s 30% tariff ‘absolutely unacceptable,’ plan countermeasures
Summary
EU trade ministers met in Brussels to discuss U.S. President Trump's announcement of 30% tariffs on EU imports, which they deemed unacceptable. They are exploring new countermeasures while suspending previous plans for retaliatory tariffs, aiming to negotiate a solution with the U.S. by August 1.Key Facts
- U.S. President Trump announced 30% tariffs on EU imports.
- EU trade ministers found these tariffs unacceptable.
- The EU is working on a second list of potential countermeasures worth €72 billion.
- Tariffs will affect products like French cheese and Italian leather, making them more expensive in the U.S.
- The EU decided to suspend planned retaliatory tariffs for now.
- The EU is negotiating with the U.S. to reach a deal by August 1.
- The American Chamber of Commerce in the EU warned of potential negative effects on both economies.
- EU leaders emphasized unity in dealing with the situation.
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