Bloomberg is reporting that:
- EU is to announce provisional list of tariffs against the US on Thursday
- EU tariffs to be enforced if talks with the US fail
The headlines mirror an earlier report that indicated the EU is reportedly preparing a list of roughly €100 billion in annual U.S. imports—including Boeing aircraft—that could face tariffs if trade negotiations with the U.S. break down. While the move is seen as potential retaliation for ongoing U.S. tariffs, any measures would still require approval from EU member states. The proposed list is expected to be circulated within the next day but remains subject to change.
This article was written by Greg Michalowski at www.forexlive.com.
