EU Readies Tariff Plan for US if Trade Talks Fall Through
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The European Union plans to quickly hit the US with 30% tariffs on some €100 billion worth of goods in the event they fail to strike a trade deal and President Donald Trump carries through with his threat to impose that rate on most of the bloc’s exports after Aug. 1.
The plans come as EU member states, including Germany, have hardened their positions in response to the US stiffening its negotiating stance.