EU chief Ursula von der Leyen said the bloc was ready to take all "necessary" steps to safeguard its economic interests, after US President Donald Trump announced that he would impose 30% tariffs on all EU goods.
BRIDGEWATER, N.J. — President Donald Trump on Saturday announced he’s levying tariffs of 30 percent against the European Union and Mexico starting Aug. 1, a move that could cause massive upheaval betw
The announcement follows failed attempts in recent weeks to strike a trade deal between the US and EU. Top EU leaders said negotiations would continue but have vowed to protect the bloc's interests.
The ministers met Monday in Brussels following Trump's surprise announcement of such hefty tariffs, which could have repercussions for governments, companies and consumers on both sides of the Atlantic.
President Trump has announced 30% tariffs on goods from the European Union, which are slated to take effect Aug. 1 if a trade deal is not made. NPR reports on the reaction from Europe.
The European Union's trade chief, Maros Sefcovic, says the bloc hopes for a deal with the US despite President Donald Trump's threat of 30% levies. But the clock is ticking as August 1 approaches.
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