EU approves counter-tariffs on US goods
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European Commission President Ursula von der Leyen announced that she is to meet with US President Donald Trump during the weekend in Scotland in a post on Friday, amid fears about the looming tariff cliff.
European Commission President Ursula von der Leyen meets U.S. President Donald Trump in Scotland, aiming for a significant trade agreement. High-level talks precede this, sparking cautious optimism. Potential tariffs on EU goods are a sticking point,
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DPA International on MSNEU ready to hit back with tariffs on $109bn of US goods if talks failEuropean Union countries approved a proposal by the European Commission to potentially impose import tariffs on goods with a total trade volume of €93 billion ($109. 4 billion) if talks with the United States fail,
European Union countries have expressed broad support for one round of 30% retaliatory tariffs if the United States does not reach a trade deal with the EU.
A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.
The US and Japan reached a trade deal that President Donald Trump called the largest trade deal in history, with Tokyo pledging to set up a $550 billion US investment fund. The details of the fund are unclear,