EU Prepares 72 Billion Euro Counter-Tariffs Against US
The post EU Prepares 72 Billion Euro Counter-Tariffs Against US appeared on BitcoinEthereumNews.com. Key Points: EU plans counter-tariffs as response to US trade measures. Potential $84 billion impact on transatlantic trade. Market volatility expected but not yet observed in crypto. Šefčović, European Commission’s Commissioner for Trade and Economic Security, stated on July 14 the EU is prepared to impose counter-tariffs on US imports worth 72 billion euros if trade talks fail. President Trump announced new EU import tariffs starting August 1, leading to EU discussions. This raises tensions between the EU and US, potentially affecting global markets. While direct crypto impacts remain low, broader risk aversion might increase volatility across financial assets, as seen in historical trade disputes. EU Responds to Trumps Tariff with 72 Billion Euro Measure The EU is poised to respond with counter-tariffs against the US following President Trump’s announcement of a 30% tariff on EU imports starting August 1. Maroš Šefčović emphasized the significant financial disruption this could cause, hinting at substantial economic ramifications if unresolved. Trump’s unilateral trade decision could strain economic ties, elevating risks for cross-Atlantic commerce valued at approximately €4 billion daily. EU leaders, including Ursula von der Leyen, assert readiness to deploy substantial countermeasures, potentially impacting a vast array of imports. “A 30% tariff would make it almost impossible to continue trade as it currently generates approximately €4 billion daily… Well-considered, proportional countermeasures remain an option if a deal is not finalized.” — Maroš Šefčovič, European Commission Vice-President Key figures like Ursula von der Leyen advocate for dialogue but stress the necessity for actionable responses. Danish and Irish officials echo sentiments of negotiation favoring, while preparing for immediate EU action if diplomatic efforts fail. Bitcoin Shows Resilience Amid Transatlantic Tensions Did you know?The EU and US have historically oscillated between cooperation and contention; the 2018-2019 US-China trade war similarly caused global market ripples without direct…
The post EU Prepares 72 Billion Euro Counter-Tariffs Against US appeared on BitcoinEthereumNews.com.
Key Points: EU plans counter-tariffs as response to US trade measures. Potential $84 billion impact on transatlantic trade. Market volatility expected but not yet observed in crypto. Šefčović, European Commission’s Commissioner for Trade and Economic Security, stated on July 14 the EU is prepared to impose counter-tariffs on US imports worth 72 billion euros if trade talks fail. President Trump announced new EU import tariffs starting August 1, leading to EU discussions. This raises tensions between the EU and US, potentially affecting global markets. While direct crypto impacts remain low, broader risk aversion might increase volatility across financial assets, as seen in historical trade disputes. EU Responds to Trumps Tariff with 72 Billion Euro Measure The EU is poised to respond with counter-tariffs against the US following President Trump’s announcement of a 30% tariff on EU imports starting August 1. Maroš Šefčović emphasized the significant financial disruption this could cause, hinting at substantial economic ramifications if unresolved. Trump’s unilateral trade decision could strain economic ties, elevating risks for cross-Atlantic commerce valued at approximately €4 billion daily. EU leaders, including Ursula von der Leyen, assert readiness to deploy substantial countermeasures, potentially impacting a vast array of imports. “A 30% tariff would make it almost impossible to continue trade as it currently generates approximately €4 billion daily… Well-considered, proportional countermeasures remain an option if a deal is not finalized.” — Maroš Šefčovič, European Commission Vice-President Key figures like Ursula von der Leyen advocate for dialogue but stress the necessity for actionable responses. Danish and Irish officials echo sentiments of negotiation favoring, while preparing for immediate EU action if diplomatic efforts fail. Bitcoin Shows Resilience Amid Transatlantic Tensions Did you know?The EU and US have historically oscillated between cooperation and contention; the 2018-2019 US-China trade war similarly caused global market ripples without direct…
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