US President Donald Trump is recommending a straight 50% tariff on EU goods from 1 June after expressing frustration with ongoing talks.\u00a0<\/p>\n
Writing on his Truth Social account, the President said Europe \u201chas been very difficult to deal with\u201d before listing barriers which he claims have to themade worse thetrade deficit with forthe US.\u00a0<\/p>\n
After a relatively calm period, which saw the US forge a trade deal with the UK, the move is a reminder of the precarious tariffs situation, and uncertainties facing businesses in their commercial planning.\u00a0<\/p>\n
Two weeks ago, the European Commission launched a\u202fpublic consultation\u202f<\/b>on a list of US imports which could become subject to\u202fEU countermeasures,<\/b>if ongoing EU\u2013\u2013US negotiations do not result in a mutually beneficial outcome and the removal of the US tariffs.\u00a0<\/p>\n
The list put to consultation concerns imports from the US worth \u20ac95bn, covering a\u202fbroad range of industrial and agricultural products.<\/b>\u00a0<\/p>\n
Europe\u2019s anti-coercion instrument, designed as a deterrent against third countries influencing policy, has not yet been used, but European Commission President Ursula von der Leyen did appear to leave the door open in April, just ahead of Trump\u2019s previous tariff announcement.\u00a0\u00a0<\/p>\n
\u201cEurope holds a lot of cards. From trade to technology to the size of our market. But this strength is also built on our readiness to take firm countermeasures. All instruments are on the table,\u201d she said.\u00a0<\/p>\n
\u00a0<\/p>\n
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