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Reuters

EU to submit countermeasures on U.S. goods to avert looming tariffs

Reuters · New
Reuters
Reuters
New

The European Commission plans to submit counter-tariffs on 93 billion euros ($109 billion) of U.S. goods for approval to EU members, while its trade chief will hold talks with U.S. Commerce Secretary Howard Lutnick.

Breakdown
  • The European Commission plans counter-tariffs on $109 billion of U.S. goods.
  • The proposal will be submitted to EU members for approval. 8s
  • Talks are scheduled between the EU trade chief and the U.S. Commerce Secretary. 13s
  • The EU aims for a negotiated solution to avoid 30 percent U.S. tariffs. 17s
  • European shares rose after the update, while diplomats review the U.S.-Japan deal. 45s
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