The European Union is bracing for a major trade confrontation with the United States as former President Donald Trump threatens to impose sweeping tariffs of up to 30% on EU exports.
With an August 1 deadline fast approaching and negotiations faltering, EU officials are finalizing a range of countermeasures, including new digital service taxes and the deployment of their powerful 'Anti-Coercion Instrument.' European leaders have called Trump's tariff demands 'unacceptable' and are preparing for a response that could escalate into a full-blown trade war, impacting industries from cars to wine. The standoff has rattled global markets and raised concerns about the future of the US-EU trade relationship.
Both sides are under pressure to reach a last-minute deal, but the risk of a damaging tit-for-tat escalation is growing.
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