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The retaliation duties on the USA worth EUR 93 billion


“The main goal of Brussels remains to reach an agreement by negotiations” – pointed out the spokesman for the European Commission, Olof Gill, in a statement sent to the Polish Press Agency. He added that the EU trade commissioner Maroš Šefčovič is to have a conversation with the American Secretary of Trade Howard Lutnick on the same day. After its completion, the EC intends to inform EU ambassadors about the current state of talks.

At the same time, the Commission continues to work on the preparation of potential retaliation. The plan assumes a combination of two previously developed tariff packages – worth EUR 21 billion and 72 billion, respectively – in one common set. It will be transferred to Member States for approval. According to Gill, retaliation would not enter into force earlier than August 7.

Ashley Davis

I’m Ashley Davis as an editor, I’m committed to upholding the highest standards of integrity and accuracy in every piece we publish. My work is driven by curiosity, a passion for truth, and a belief that journalism plays a crucial role in shaping public discourse. I strive to tell stories that not only inform but also inspire action and conversation.

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