EU Weighs Tariffs Against $107 Billion US Imports Amidst Trade Tensions

The European Commission is preparing to impose tariffs on goods from the United States worth €95 billion as trade tensions escalate between the EU and the US. This move, triggered by failed negotiations, could significantly disrupt markets and impact global economic stability. The proposal targets critical sectors such as automobiles and aircraft, potentially leading to significant economic repercussions for both regions. Key figures like Ursula von der Leyen and Maroš Šefčovič are spearheading this effort, emphasizing the EU’s preparedness for countermeasures to protect Europe’s economic interests.