{"id":34287,"date":"2025-07-15T07:58:57","date_gmt":"2025-07-15T07:58:57","guid":{"rendered":"https:\/\/financialrush.com\/?p=34287"},"modified":"2025-07-15T07:58:57","modified_gmt":"2025-07-15T07:58:57","slug":"eu-eyes-retaliatory-tariffs-against-us-aircraft-cars-and-bourbon","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=34287","title":{"rendered":"EU eyes retaliatory tariffs against US aircraft, cars and bourbon"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\"><span>Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=0982d335-da35-418f-a6bd-f91a255fccf7\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Brussels plans to impose tariffs on Boeing aircraft, cars and bourbon as part of a proposal for further retaliation against \u20ac72bn of annual US imports if trade talks with Washington fail.<\/p>\n<p>The European Commission, which runs EU trade policy, drew up the list \u2014 seen by the Financial Times \u2014 after US President Donald Trump over the weekend <a href=\"https:\/\/www.ft.com\/content\/43487e0f-dab9-4faf-8754-baba36e5ddee\" data-trackable=\"link\">declared <\/a>he would levy 30 per cent so-called \u201creciprocal\u201d tariffs on the bloc on August 1.<\/p>\n<p>The total amount is lower than an earlier list of retaliatory measures, which would have targeted \u20ac95bn worth of US imports. Business leaders and European governments have lobbied against targeting certain industries, which they argue could hurt the EU more than it would hurt the US. <\/p>\n<p>The EU and the US have been negotiating to secure a trade deal for months, after Trump\u2019s reciprocal tariffs were originally set at 20 per cent in April. They were then dropped to 10 per cent to allow time for negotiations, before the president made the latest 30 per cent threat. <\/p>\n<p>So far, European Commission President Ursula von der Leyen has indicated that the bloc would keep talking until next month\u2019s deadline. On Monday, the EU\u2019s trade chief Maro\u0161 \u0160ef\u010dovi\u010d <a href=\"https:\/\/www.ft.com\/content\/2a1522b3-e515-488b-874a-e1d7eb8d9ecc\" data-trackable=\"link\">said<\/a> there was still a \u201cbig gap\u201d between the two sides.<\/p>\n<p>The EU is now readying retaliatory tariffs for if those talks fail, with \u0160ef\u010dovi\u010d saying on Monday that \u201cwe have to protect the EU economy and we need to go for these rebalancing measures\u201d. <\/p>\n<p>The commission is postponing until August 6 a separate plan to hit \u20ac21bn of annual US imports \u2014 drawn up in response to Trump\u2019s separate duties on imports of steel, aluminium and cars from the EU \u2014 to allow time for talks.<\/p>\n<p>The latest list includes tariffs set to target almost \u20ac11bn of US exports in aircraft and aircraft parts. Other items include cars and car parts, machinery products, chemicals and plastics, medical devices and equipment and electrical equipment. In agriculture, the list includes fruit and vegetables and alcoholic drinks, such as bourbon and rum.<\/p>\n<p>The new list was first reported by Politico and Bloomberg. <\/p>\n<p>EU countries would have to formally approve the list before the retaliatory measures could enter into force.<\/p>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.ft.com\/content\/0982d335-da35-418f-a6bd-f91a255fccf7\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this&hellip;\n","protected":false},"author":5,"featured_media":34288,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-34287","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/34287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34287"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/34287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/34288"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}