In response to President Trump’s controversial tariff plans, European Union (EU) officials are gearing up to retaliate with tariffs that could hit American imports worth over $100 billion. This comes amid ongoing discussions to negotiate a more amicable trade deal. Frances Burwell from the Atlantic Council raised an essential question: "If it comes to it, will they?" Despite spending months deliberating about possible retaliations, EU officials have previously held off to facilitate talks.
In April, they even approved a €21 billion ($25 billion) tariff plan but later suspended it to allow negotiation efforts to continue when Mr. Trump hinted at pausing some tariffs. However, following his recent announcement of a 30% tariff on EU goods set for August 1, officials have once again delayed their response. They have added to their strategy with an extensive second list targeting American goods, including iconic products like Kentucky bourbon and Boeing aircraft.
Politicians stress the need for a strong stance, hinting that a more robust approach is what Mr. Trump understands. While the EU would prefer to avoid an all-out trade war, they are preparing for a potential confrontational outcome if negotiations fail.
In April, they even approved a €21 billion ($25 billion) tariff plan but later suspended it to allow negotiation efforts to continue when Mr. Trump hinted at pausing some tariffs. However, following his recent announcement of a 30% tariff on EU goods set for August 1, officials have once again delayed their response. They have added to their strategy with an extensive second list targeting American goods, including iconic products like Kentucky bourbon and Boeing aircraft.
Politicians stress the need for a strong stance, hinting that a more robust approach is what Mr. Trump understands. While the EU would prefer to avoid an all-out trade war, they are preparing for a potential confrontational outcome if negotiations fail.
