Europe Preps Retaliatory Tariffs for U.S. Goods
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President Donald Trump's 30% tariffs on European Union goods could drive up costs across the world's alcohol trade. The EU is eyeing retaliatory measures.
A second tranche of retaliatory tariffs under consideration by the European Union would hit more than $7 billion in annual U.S. ag exports, according to a copy of a list obtained by Agri-Pulse.
The European Union is readying a fresh list of American products – ranging from aircraft to alcoholic beverages, coffee and medical devices – to hit with retaliatory tariffs if a trade deal isn’t reached by President Trump’s Aug.