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The EU is preparing a $100 billion tariff strike in response to the US actions


May, 06 2025
watermark Economic news

The EU intends to impose additional tariffs on American goods with a total value of about 100 billion euros if the current trade negotiations do not lead to acceptable results for the bloc. Member States are expected to receive information on the measures on Wednesday, after which a one-month consultation period will begin, during which the list of goods can be reviewed. 


The European Commission plans to hand over to the United States a document with proposals including reducing tariff and non-tariff barriers, as well as measures to stimulate American investment. However, negotiations that began actively last month have not progressed so far, and most of the US duties are likely to remain in force. 


The EU also said that investigations initiated by the Trump administration could increase the volume of European goods subject to tariffs to 549 billion euros.


The new document will be an addition to the current EU duties on $21 billion of American imports, imposed in response to the 25% US tariffs on steel and aluminum. Earlier, the EU agreed to postpone the implementation of these measures for 90 days after the US reduced duties on a significant part of European exports from 20% to 10% for the duration of negotiations.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.