EU prepares to impose retaliatory tariffs on 72 billion euros of U.S. goods

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According to ChainCatcher, citing Jinshi News, Valdis Dombrovskis, the European Commissioner responsible for trade and economic security, stated that if the EU-US trade negotiations fail, the EU is prepared to impose additional retaliatory tariffs on US imported goods worth 72 billion euros (approximately 84 billion dollars).

As the EU and the United States are striving to reach a trade agreement, US President Trump announced that he will impose a 30% tariff on EU imports starting from August 1st. EU member state ministers met in Brussels on the 14th to discuss how to respond to Trump's latest statement and prepare countermeasures.

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