EU to hit US aircraft, cars and food in latest retaliatory strike
Source: Politico (EU)
July 14, 2025 10:47 pm CET
BRUSSELS The European Union is looking at targeting 72 billion in U.S. goods in a second round of trade countermeasures, including aircraft, cars and car parts, according to a list seen by POLITICO on Monday.
The bulk of those exports targeted are industrial goods, totaling 65.7 billion, while 6.4 billion in agricultural products would also be hit if EU countries back the new retaliatory tariffs. The list includes bourbon whiskey, despite intense lobbying from France and Ireland to shield the drinks sector from U.S. President Donald Trumps reprisals.
The biggest line item in the 200-page list is aircraft and aircraft parts, with tariffs set to target almost 11 billion of U.S. exports potentially dealing a heavy blow to plane maker Boeing. Then comes machinery, followed by cars and car parts; chemicals and plastics; medical devices and equipment; electrical equipment; and industrial goods all of which fall into multibillion-euro categories. The total figure is down from an earlier proposal to impose retaliatory tariffs on 95 billion of U.S. goods.
The European Commission presented the new hit list on Monday after Trump dramatically raised the trade stakes last weekend by threatening to impose a 30 percent blanket tariff on EU exports from Aug. 1 if no trade deal is reached. The Commission also explains to EU countries that its rationale for targeting U.S. products is based on several criteria, according to the document.
Read more: https://www.politico.eu/article/eu-to-hit-us-aircraft-cars-and-food-in-latest-retaliatory-strike/

BWdem4life
(2,544 posts)I know, I know. It'll all trickle down... the only trickle down economics that actually works. More like, shit rolling downhill economics.