Particle.news
Download on the App Store
10 ARTICLES
·
2d ago

EU Prepares $113 Billion Tariff Retaliation as U.S. Trade Talks Stall

The European Commission is set to announce next steps, including targeting Boeing and U.S. cars, while accelerating trade diversification with Asia.

A European Union flag flutters outside the European Commission headquarters in Brussels, Belgium April 9, 2025. REUTERS/Yves Herman
European Union flags flutter outside the European Commission headquarters in Brussels, Belgium April 9, 2025. REUTERS/Yves Herman
Image
A European Union flag flutters outside the European Commission headquarters in Brussels, Belgium April 9, 2025. REUTERS/Yves Herman

Overview

  • The EU is readying up to €100 billion ($113 billion) in retaliatory tariffs on U.S. goods, including Boeing aircraft and American-made cars, if trade talks fail.
  • European Trade Commissioner Maros Sefcovic confirmed that details of the countermeasures will be unveiled on Thursday, with a formal list shared for member state consultations.
  • Negotiations with the U.S. have made little progress, and the EU faces existing 25% tariffs on steel, aluminum, and cars, along with a temporary 10% levy on other goods.
  • The bloc is also accelerating free trade talks with ASEAN members and India to reduce reliance on U.S. markets amid ongoing tariff disputes.
  • The EU warns that U.S. tariffs could expand to cover 97% of its exports following further investigations into sectors like pharmaceuticals and semiconductors.