AssetID: 54919675
Headline: UNCAPTIONED: EU Targets €72 Billion in US Goods in Retaliatory Tariff Response
Caption: EU Targets $72 Billion in US Goods in Retaliatory Tariff Response. The European Union is preparing to hit U.S. exports worth €72 billion in a second round of trade countermeasures, including aircraft, cars, and agricultural products. Industrial goods make up the bulk of the retaliatory measures, totaling €65.7 billion, with €6.4 billion in agricultural products also on the list. Bourbon whiskey is notably included, despite lobbying from France and Ireland to shield the sector from U.S. President Donald Trump’s reprisals. The most significant target is U.S. aircraft and aircraft parts, with tariffs potentially impacting €11 billion of exports, dealing a heavy blow to Boeing. Other sectors targeted include machinery, cars, chemicals, medical devices, and electrical equipment, all valued in the multibillion-euro range. The total tariff amount has decreased from an earlier proposal of €95 billion in retaliatory tariffs. The EU’s response follows Trump’s threat to impose a 30% blanket tariff on EU exports starting Aug. 1 if no trade agreement is reached. The European Commission’s rationale includes addressing the imbalance caused by U.S. tariffs on EU exports and considering alternative sources of supply. EU member countries must approve the new measures, with a vote not yet scheduled after trade ministers met to discuss the strategy. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,EU tariffs,U.S. exports,retaliatory trade measures,Donald Trump,Boeing,bourbon whiskey,industrial goods,agricultural products,EU Commission,trade negotiations
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