EU warns that its trade with the US could be effectively wiped out if Trump follows through on his threat
Source: CNN Business
Updated 12:39 PM EDT, Mon July 14, 2025
London CNN The European Union has warned that its trade with the United States could be effectively wiped out if Washington makes good on its threat to slap a 30% tariff on goods imported from the bloc.
A tariff of 30%, or anything above 30%
has more or less the same effect. So, practically it prohibits the trade, Maro efčovič, the EUs trade commissioner, said as he arrived ahead of an EU ministerial meeting in Brussels on Monday.
efčovič said it will be almost impossible for the bloc to continue its current level of trade with America if that new tariff rate is implemented on August 1 the date stipulated by US President Donald Trump in his letter to the EU on Saturday. If (the tariff) stays 30 (percent) plus, simply trading as we know it will not continue, with huge negative effects on both sides of the Atlantic, he added. I will definitely do everything I can to prevent this super-negative scenario.
In a press conference following the meeting, efčovič said reiterated that the EUs preferred outcome is a negotiated deal with Washington and that he plans to speak to his US counterparts late Monday.
Read more: https://www.cnn.com/2025/07/14/business/europe-us-trade-tariff-wipe-out-intl

bucolic_frolic
(51,381 posts)Has anyone told Peter Navarro?
Irish_Dem
(72,217 posts)He is willing to destroy the US and global economy for profit and feeling powerful.
DonCoquixote
(13,914 posts)"Yep, no more trade with france, that way those cheese eating surrender monkeys wont tell our kids to wear make up, drink wine, and turn gay" It's is bullshit, but you KNOW some places are already preparing that tune, because they can't keep their boys on the far, after they see Paris.
msongs
(71,790 posts)DENVERPOPS
(12,987 posts)that would make Putin happier............Separating European NATO countries from the U.S. A domino effect that would crash european economies also, as well as leave them defenseless for Putin to begin his aggression on European Countries..............