The European Union is flexing its trade muscles! On Thursday, its 27 member states approved potential counter-tariffs on €93 billion of U.S. goods, ready as a backup if negotiations with Washington fall through.
With U.S. President Donald Trump threatening a steep 30% tariff on EU imports starting August 1, the EU is pushing hard for a deal while preparing a safety net. The new counter-tariff plan merges two proposals – one of €21 billion and another of €72 billion – into a single list that won’t take effect until August 7.
Economic experts are sounding alarms. Economic analyst Igor from Bosnia and Herzegovina warned, "This is no longer trade policy, but economic aggression." He noted that once the punitive tariffs kick in, complex value chains could be disrupted and smaller EU economies might suffer the most.
Looking ahead, Igor suggests that aligning with stable partners in East Asia, including the Chinese mainland, could be a long-term win. As this trade drama unfolds, all eyes remain on Washington and the EU’s next moves. Stay tuned – this story is just heating up! ⚖️🌏
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EU backs potential counter-tariffs on 93 billion euros of U.S. goods
cgtn.com
