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EU prepares €93 billion trade retaliation package

Brussels combines its two tariff lists in response to potential US trade failures.

July 23, 2025 at 11:06 AM

EU readies single €93B US trade retaliation package

Brussels combines two retaliatory tariff packages, preparing for potential trade disputes with the US.

EU prepares €93 billion trade retaliation package against US

The European Union is taking decisive steps to consolidate its trade response to U.S. tariffs, forming a single package of retaliatory measures that totals €93 billion. This decision was communicated by a European Commission spokesperson on Wednesday, indicating that the EU is preparing for the possibility of failed negotiations with the Trump administration. The new list merges two existing lists of tariffs targeting various U.S. exports, including bourbon and airplanes. While one of these lists is currently paused until August 6, the second one awaits approval from the EU's 27 member states. The spokesperson emphasized the intent to make the countermeasures simpler and stronger, with the combined list expected to take practical effect beginning August 7.

Key Takeaways

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The EU is combining two tariff lists into a single €93 billion package.

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The move aims to streamline retaliation against U.S. tariffs.

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Many U.S. products, including bourbon and soybeans, will be affected.

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Implementation of the combined tariffs is set for August 7.

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The first list, paused until August, responds to earlier U.S. tariffs.

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The action highlights increasing trade tensions between the EU and the U.S.

"To make our countermeasures clearer, simpler, and stronger, we will merge lists 1 & 2 into a single list."

The goal of streamlining the EU's tariffs was emphasized by trade spokesperson Olof Gill.

"The combined list would target €93 billion of U.S. imports into the EU including bourbon, airplanes and soybeans."

This statement outlines the scale and scope of the EU's planned retaliatory measures.

The EU's approach to merging its retaliation strategies signals a strong commitment to counteract U.S. tariffs, a move that could exacerbate existing tensions between the two economies. By targeting a wide array of goods, the EU aims not only to protect its economic interests but also to send a clear message about the seriousness of the situation. The preparation reflects a significant moment in transatlantic trade relations, as each side weighs its options in the wake of stalled discussions.

Highlights

The EU is ready to take strong action against U.S. tariffs.
This consolidation signals increasing trade tensions.
EU's strategy focuses on clarity and strength in retaliation.
A combined list shows the seriousness of EU's intent.

Concerns Over Trade Relations with the US

The preparation of a new tariff package could escalate trade tensions between the EU and the US, risking further economic repercussions. This move may lead to public backlash from businesses affected by these tariffs.

This consolidation reflects a growing urgency in transatlantic trade dynamics.

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eu us trade tariffs economy trade politics

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