EU prepares retaliatory tariffs on US goods worth €72 billion

The European Commission has proposed a list of US products worth €72 billion (HK$659.79 billion) that could face retaliatory tariffs, should the United States move ahead with a planned 30 percent levy on EU imports.

The draft list was submitted to EU member states on July 14, outlining potential countermeasures as transatlantic trade tensions escalate.

The development came as US President Donald Trump met with visiting NATO Secretary-General Mark Rutte in Washington, where tariffs were among the topics discussed.

Despite previously threatening to impose a 30 percent tariff on EU goods, Trump reiterated that he remained open to negotiations with the bloc.

STAFF REPORTER