The United States and European Union are on the brink of a major trade agreement that would impose a 15% tariff on most EU goods entering the US, aiming to avoid even steeper tariffs threatened by President Trump. Despite progress in negotiations, the EU is preparing a massive €93-100 billion ($109-117 billion) package of retaliatory tariffs on US goods if talks collapse or Trump follows through with a 30% tariff threat. European leaders are signaling readiness for a trade war, with countermeasures targeting a wide range of American products. The looming August 1 deadline has heightened market volatility and prompted both sides to harden their stances. The outcome will have significant implications for global trade, supply chains, and industries on both sides of the Atlantic.
Be the first to reply to this general discussion.
