The European Commission has launched a public consultation to gather opinions
The European Commission has launched a public consultation to gather opinions on possible new tariffs on U.S. products, as trade talks between the EU and the U.S. continue without a clear resolution.
The EU is considering tariffs on €95 billion worth of U.S. goods, including a wide range of industrial and farm products. It is also looking at limiting some EU exports of steel scrap and chemicals to the U.S., worth €4.4 billion. These measures would only be used if ongoing negotiations fail to remove U.S. tariffs.
Commission President Ursula von der Leyen stated: “Tariffs are already having a negative impact on the global economies. The EU remains fully committed to finding negotiated outcomes with the US. We believe there are good deals to be made for the benefit of consumers and businesses on both sides of the Atlantic. At the same time, we continue preparing for all possibilities, and the consultation launched today will help guide us in this necessary work.”
The U.S. introduced a 25% tariff on cars and car parts, and a 20% blanket tariff on EU goods in early April, along with earlier duties on steel, aluminum, and related products. While the U.S. paused the 20%
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