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Deal or no deal? EU faces critical decision in response to Trump’s latest tariff salvo
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Mr Trump’s shock threat to impose a 30 per cent tariff rate on the EU from Aug 1 is a severe blow to Europe’s confidence.
PHOTO: REUTERS
- Trump's threat of 30 per cent tariffs on EU exports from Aug 1 has shaken European confidence and risks splitting the EU.
- The EU-US trade relationship is significant, totalling €1.68 trillion in 2024.
- The EU is considering retaliatory tariffs on US goods, but some countries, like Germany and Ireland, favour continued negotiations.
AI generated
BRUSSELS – Trade ministers from the European Union’s 27 member states meeting in Brussels on July 14 face a critical choice.
They can decide to persist in efforts to reach a trade deal with the US. Or they can respond to US President Donald Trump’s latest threats to impose massive tariffs on European exports by imposing their own punitive tariffs against American products.
