The EU responds to tariffs with a &#34;dual approach,&#34; negotiating while preparing countermeasures.
According to the latest media reports on Thursday, the EU is planning to impose tariffs on U.S. export goods worth €95 billion ($108 billion) if trade negotiations with the Trump team do not yield satisfactory results. These retaliatory measures will particularly target industrial products, including airplanes, American cars, and bourbon whiskey.
The new proposal will be the subject of negotiations with member states and other stakeholders, with a deadline for negotiations set for June 10, and changes may occur before finalization.
According to a report by CCTV News yesterday, on the 7th local time, Valdis Dombrovskis, the European Commissioner responsible for trade and economic security, stated that if no agreement is reached in the tariff negotiations with the U.S., the EU will announce details of the next phase of counter-tariff measures against the U.S. on the 8th.
This week, the EU is initiating negotiations with the U.S. government. Nevertheless, progress in the negotiations has been minimal so far, and most of the U.S. tariffs are expected to remain in place. The EU stated this week that the ongoing trade investigation by Trump will increase the total value of EU goods facing new tariffs to €549 billion.
In addition to the proposed tariffs, the European Commission will also consult on possible restrictions on EU exports of €4.4 billion worth of scrap steel and chemical products to the U.S. Such measures can typically be implemented in various ways, from quotas and licenses to complete bans on specific goods.
The EU will also file a lawsuit with the World Trade Organization regarding Washington's so-called &#34;reciprocal&#34; tariffs (temporarily set at 10%) and the 25% tariffs on cars and parts. The EU believes these measures &#34;blatantly violate fundamental WTO rules.&#34;
It is worth mentioning that the EU's measures against airplanes are a significant blow to Boeing. The reluctance of customers to accept planes with additional costs poses new challenges for the American company. According to TD Cowen analyst Gautam Khanna, about 58 undelivered planes are expected to be delivered to EU member states in the remaining time of 2025

The European Union is planning to impose tariffs on U.S. exports worth €95 billion ($108 billion) if trade negotiations with the Trump team do not yield satisfactory results. These retaliatory measures will specifically target industrial products, including airplanes, American cars, and bourbon whiskey

- The European Union plans to impose tariffs on $108 billion worth of U.S. exports if trade negotiations with the Trump administration fail.  
- These retaliatory measures will target industrial products, including aircraft, American cars, and bourbon whiskey, with negotiations set to conclude by June 10.  
- Additionally, the EU will consult on limiting exports of scrap steel and chemicals to the U.S. and intends to challenge U.S. tariffs at the World Trade Organization, citing violations of WTO rules.

If negotiations with the U.S. fail, the EU will target American cars, airplanes, and whiskey