EU Prepares $107B in Tariffs on US If Talks Fail

EU Prepares $107B in Tariffs on US If Talks Fail

EU Prepares $107B in Tariffs on US If Talks Fail

The European Commission, the executive arm of the European Union, has announced a list of American products that could be targeted for tariffs worth more than $107 billion if trade talks with the Trump administration fail.

The commission said it will consult with member states before completing the list. The commission’s announcement came the same day as President Donald Trump’s announcement of a trade deal with the U.K.

The EU’s list includes aircraft, cars, chemicals and plastics, agricultural products, and American spirits such as whiskey. The commission’s proposed list totals $107.4 billion in countermeasures to Trump’s tariffs on the EU.

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