The European Union is considering imposing retaliatory tariffs on US products
From Investing.com: 2025-02-12 06:33:00
The EU could potentially impose retaliatory tariffs on US products like bourbon, motorcycles, and agricultural goods. Europe may also consider export tariffs on strategically important US goods, such as chemicals and pharmaceuticals. Another form of retaliation could be a digital services tax due to the US trade deficit in services. Europe is exploring ways to strike a deal with the US to avoid a trade war, including increasing LNG purchases, committing to buying more US military products, and reducing tariffs on US automobiles. Europe may focus on strengthening its domestic economy to reduce dependency on the US. While the EU is better prepared to handle potential US tariffs, challenges remain in acting swiftly and cohesively to counter any trade disputes.
Read more at Investing.com: How the European Union Could Counter US Tariffs