EU Approves €93 Billion Tariff Retaliation Plan Against the US

According to ChainCatcher, citing Jintou News, EU member states have voted to approve a measure imposing retaliatory tariffs on US products totaling 93 billion euros.

The previous day, a spokesperson for the European Commission stated on July 23 that the EU plans to merge two lists of retaliatory tariffs targeting US exports into a single unified list totaling 93 billion euros. This list mainly covers high-value industrial products such as aircraft, automobiles, and electrical equipment. The combined package of the two lists amounts to 93 billion euros. European Commission spokesperson Olof Gill said on July 23 that if negotiations with the US break down, the retaliatory measures will take effect on August 7.