EU Warns of Major Tariffs if U.S. Trade Negotiations Falter ...Middle East

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EU Warns of Major Tariffs if U.S. Trade Negotiations Falter
source : OILPRICE ( Middle East ) () 35
The European Union is preparing to impose up to €100 billion ($113 billion) in tariffs on US goods if trade talks fail, according to a new report by Bloomberg this morning. The draft list of retaliatory measures will be circulated to member states as early as Wednesday, with a one-month consultation period before finalization. “These import taxes are unjustified and cause economic harm on both sides of the Atlantic,” said EU trade chief Maros Sefcovic. “This situation is not acceptable and we cannot afford…

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