EU, US and trade tariffs
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Agence France-Presse on MSNEU readies retaliatory list targeting US services
The EU executive is preparing a list of proposed restrictions on US services companies -- including tech giants -- should Brussels fail to strike a trade deal with Washington, European diplomats said on Thursday.
According to former director-general of DG Trade Jean-Luc Demarty, a balanced agreement with the US is out of reach, and the EU needs political courage to target US digital and financial services.View
President Donald Trump is set to meet Sunday with European Commission President Ursula von der Leyen to continue talks on a trade deal. Ahead of that meeting, policy analysts say that any agreement on trade must include the removal of non-tariff regulations and digital service taxes that largely target U.
President Donald Trump announced 30 percent tariffs Saturday on the European Union, a move that will have repercussions for companies and consumers on both sides of the Atlantic.