
EU Prepares $84B Tariff Retaliation Amid Stalled US Trade Talks
The EU proposes $84B in tariffs on US goods if trade talks fail, responding to US threats. Both sides seek a deal by August 1 to avoid economic fallout.
News & Insights Across Asia
The EU proposes $84B in tariffs on US goods if trade talks fail, responding to US threats. Both sides seek a deal by August 1 to avoid economic fallout.
EU leaders and industry groups demand strong countermeasures after the US announces 30% tariffs on EU exports, risking economic fallout and trade war escalation.
Japanese PM Ishiba calls US tariffs ‘truly regrettable’ but commits to continued negotiations. New 25% duties take effect August 1, impacting key industries.
China opposes recent U.S. tariff hikes on its goods, pledging to defend its rights and interests, according to the Ministry of Commerce.
President-elect Donald Trump’s proposal to impose additional tariffs on China to combat the U.S. opioid epidemic raises concerns about its effectiveness and impact on U.S.-China relations.
China has strongly opposed Türkiye’s imposition of additional duties on Chinese vehicles, vowing to protect its enterprises’ interests and urging Türkiye to lift the discriminatory tariffs.