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Brussels is considering retaliatory tariffs on Washington worth 93 billion euros

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Brussels is considering retaliatory tariffs on Washington worth 93 billion euros
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An emergency meeting of European ambassadors is underway in Brussels to discuss a possible response to the US tariffs introduced by Donald Trump.

There are several options on the table, writes the Financial Times.

One of the main options being discussed is the introduction of tariffs on US products worth 93 billion euros, according to two people familiar with the situation.

The aforementioned package of countermeasures was put on hold in August last year when the EU reached a trade agreement with the US.

That six-month suspension expires next month, unless the European Commission decides to extend it.

Limiting the access of American companies to the European Union market is mentioned as another possibility.

French President Emmanuel Macron is also expected to request the activation of the EU’s Anti-Coercion Instrument, which allows the bloc to retaliate against third countries that exert economic pressure on members to change their policies.

The conclusions of the ambassadors’ meeting have not yet been published.

(Vijesti.ba)


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