EU announces list of potential countermeasures against US tariffs if trade talks go south

The EU is deeming this to be a part of a “mutually beneficial and balanced solution” as both sides are seeking negotiations on trade. The €95 billion will cover a broad range of industrial and agricultural products. And adding to that, the EU is also seeking possible restrictions on certain exports of steel scrap and chemical products to the US worth €4.4 billion.

At the same time, the EU will launch a WTO dispute against the US on both reciprocal and auto tariffs for what it’s worth. The full list of the targeted €95 billion worth of countermeasures can be found here.

This article was written by Justin Low at www.forexlive.com.