The EU plans to impose retaliatory tariffs of 72 billion euros on the United States, covering products such as aircraft, automobiles, whiskey, and other goods.
The European Union emphasizes that the development of this list strictly follows the rules of the World Trade Organization, while warning that this tit-for-tat trade war will inevitably have far-reaching effects on the economies of both sides.
The European Commission has drawn up a retaliatory tariff list against U.S. goods, involving a total value of 72 billion euros (approximately 84 billion U.S. dollars), covering Boeing Company aircraft, cars, bourbon whiskey, and various industrial and agricultural products.
This is in response to the tariff threats made by U.S. President Trump, including plans to increase tariffs on EU goods to 30% starting from August 1. EU Trade Commissioner Maros Sefcovic stated that the proposed tariff rates are "effectively prohibitive" and could have a significant impact on transatlantic trade relations.
According to the European Commission, this 206-page tariff plan, after consultation with businesses and member states, will cover a range from the originally proposed 95 billion euros to the current size, and explicitly exclude military imports.
The list focuses on industrial products, with a value of over 65 billion euros, including: aircraft-related products worth nearly 11 billion euros, over 9.4 billion euros of machinery and equipment, 8 billion euros worth of cars, and 6 billion euros of agricultural products. Precision instruments, toys and recreational equipment, sports guns, and musical instruments are also included in the list of taxable items.
European Commission President Ursula von der Leyen announced that the EU will delay the implementation of retaliatory tariffs against the U.S. until early August to allow more time for negotiation. Meanwhile, the EU will continue to prepare further retaliatory measures. President Trump's threat to impose 30% tariffs on goods imported from the EU starting from August 1 has caused strong dissatisfaction and internal questioning within the EU.
Automakers affected include major U.S. and European companies, such as General Motors, Ford, Stellantis, Tesla, as well as Volkswagen and Toyota. Listed companies related to alcoholic beverages include Heineken, Anheuser-Busch InBev SA/NV Sponsored ADR, and other well-known brands.
In this trade war, the automotive industry has become one of the most severely affected sectors. U.S. automakers like Tesla and Ford have expressed concerns that tariffs will increase costs, reduce sales, and may lead to layoffs. European carmakers like Volkswagen and BMW also face the risk of losing sales worth tens of billions of euros due to tariffs. The global automotive industry is facing increased risks, unstable supply chains, and consumers may face pressure from rising car prices.
The scale and coverage of these tariff measures highlight a further escalation in U.S.-EU trade tensions. The EU emphasizes that the development of this list strictly follows WTO rules, but also warns that this tit-for-tat tariff war will inevitably have a profound impact on the economies of both sides.
In the face of U.S. tariff threats, the EU is actively seeking cooperation with other trading partners to diversify its trade relations. Sabchojvich, head of the EU trade negotiation team, stated that one of the EU's strategies in response to the U.S. tariff dispute is to cooperate with "like-minded partners" and diversify its trade relationships.
The World Trade Organization warns that U.S. tariff policies may lead to a contraction in global commodity trade and have a negative impact on the global economy. WTO Director-General Oivara stated that the U.S. tariff policy violates the core principles of the WTO and is destroying the global economy.
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