"Europe's trade commissioner insists we want to use every minute until 1 August to find a negotiated solution. The European Union is readying a package of tariffs."
"The European Commission has drawn up a list of duties for various US imports, ranging from cars to bourbon, after Trump's announcement of a 30 percent tariff."
The European Union is preparing to impose tariffs on $84 billion worth of US goods due to President Trump's announcement of a 30 percent reciprocal tariff on August 1. EU officials aimed to limit damages by proposing a baseline tariff of 10 percent, but Trump's announcement squashed those hopes. The EU has been in trade negotiations with the US after a series of escalating tariffs from Trump, with French and German bond prices reflecting market concerns over the transatlantic relationship.
Read at www.aljazeera.com
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