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Coin Edition 2025-06-19 16:30:00

July 14th EU Tariff Decision Looms, Weighing Retaliation Against Recession Fears

July 14th EU Tariff Decision Looms, Weighing Retaliation Against Recession Fears

The EU has temporarily halted the imposition of tariffs on €21 billion worth of US imports US President Donald Trump has threatened to raise tariffs on EU imports from the initial 25% to a drastic 50%, with talks ongoing until a July deadline The EU is now considering a UK‑style trade agreement with the US, which would include reciprocal 10% tariffs on goods, with plans to later negotiate and reduce tariffs on sensitive items like steel and cars The EU has paused clawing back on €21 billion of US imports such as steel, aluminum, cars, motorcycles, and poultry, to allow time for negotiations. However, this suspension expires on July 14, which is less than a month from today, so the EU is now in a dilemma between retaliation or recession risk. Originally, US President Donald Trump threatened to raise tariffs on EU imports from the initial 25% to a drastic 50%, with talks ongoing until a July deadline. Due to this, Brussels has prepared its response, an extensive €21 billion list of counter-tariffs that could potentially expand to €95 billion in wider goods if no agreement is reached by mid-July. Currently, there’s a predicament in the EU with som… The post July 14th EU Tariff Decision Looms, Weighing Retaliation Against Recession Fears appeared first on Coin Edition .

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