The European Union is gearing up to impose retaliatory tariffs on US goods as tensions escalate in an ongoing trade dispute. If negotiations between the two parties do not yield positive results, the EU plans to target US exports worth a staggering 90 billion euros. This significant move underscores the mounting friction in transatlantic trade relations.
This latest development comes as the EU seeks to protect its interests against what it perceives as unfair trade practices. The tariffs could potentially affect a wide range of sectors, stirring concern among businesses and consumers alike. As both sides brace for possible repercussions, the global market watches closely, anticipating the effects of these tariffs on international trade.
