EU preparing counter-tariffs on $27.26 billion of US goods

Cars of German car maker Mercedes Benz are parked at the port of Bremerhaven, northern Germany, on July 23, 2017.  The EU is preparing to introduce tariffs on US goods if Washington imposes trade levies on imports of cars.
Cars of German car maker Mercedes Benz are parked at the port of Bremerhaven, northern Germany, on July 23, 2017. The EU is preparing to introduce tariffs on US goods if Washington imposes trade levies on imports of cars.PHOTO: EPA-EFE

STOCKHOLM (REUTERS) - The European Union is preparing to introduce tariffs on US$20 billion (S$27.26 billion) of US goods if Washington imposes trade levies on imports of cars, EU trade commissioner Cecilia Malmstrom told Swedish daily Dagens Nyheter on Wednesday (July 25).

"We hope that it doesn't come to that and that we can a solution. If not, the EU Commission is preparing a rather long list of many of American goods. It would be around US$20 billion," she said.