WSJ: "Europe draws up retaliatory tariffs for U.S. goods in case no trade deal is reached"

  • The EU is preparing tariffs on American goods including aircraft, alcohol, coffee, and medical devices in case no trade deal is reached by Aug. 1.

In Summary from the Wall Street Journal (gated):

  • The European Union has completed a second list of potential counter-tariffs on U.S. goods valued at €72 billion (US$84 billion), amid rising trade tensions.
  • The list, drafted by the European Commission, targets items such as Boeing aircraft, cars, bourbon, machinery, chemicals, plastics, medical devices, and various agricultural products.
  • Originally covering €95 billion in goods, the scope was narrowed following consultations with businesses and EU member states.
  • The measures still need approval from EU governments, and the Commission has not issued a public statement yet.
US Europe EURUSD euro dollar

Top Brokers

Sponsored

General Risk Warning