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EU trade ministers have agreed that US President Donald Trump's announcement of 30 per cent tariffs on the European Union was "absolutely unacceptable", and they are studying a new set of countermeasures to respond to the move. The ministers met Monday in Brussels following Trump's surprise announcement over the weekend of such hefty tariffs, which could have repercussions for governments, companies and consumers on both sides of the Atlantic. The EU is America's biggest business partner and the world's largest trading bloc. Maro efcovic, the EU's trade representative in its talks with the US, said after the meeting that it was "very obvious from the discussions today, the 30 per cent is absolutely unacceptable". He said that the commission was sharing proposals with the 27 member countries "for the second list of goods accounting of some 72 billion euros (USD 84 billion) worth of US imports. They will now have a chance to discuss it. This does not exhaust our toolbox and every ...
European Union member states have voted to approve retaliatory tariffs on USD 23 billion in goods in response to US President Donald Trump's 25 per cent tariffs on imported steel and aluminum. The tariffs will go into effect in stages, with some on April 15 and others on May 15 and Dec. 1. The EU executive commission didn't immediately provide a list of the goods Wednesday. Members of the 27-country bloc repeated their preference for a negotiated deal to settle trade issues: The EU considers US tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy. The EU has stated its clear preference to find negotiated outcomes with the US, which would be balanced and mutually beneficial. The head of the EU's executive commission, Ursula von der Leyen, has offered a zero-for-zero tariffs deal on industrial goods including cars. But Trump has said that's not enough to satisfy US concerns.