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Trump’s 30% tariffs would ‘practically prohibit’ EU-US trade, says Šefčovič

  • EU's lead negotiator with the US warns that Trump's threat to impose 30% tariffs on European goods would almost prohibit transatlantic trade, worth €4.4bn a day.
  • The EU was close to finalizing a deal with the US before Trump's announcement, leading to disappointment and uncertainty.
  • In response, the EU postponed retaliatory counter-tariffs and is considering additional measures targeting €72bn of US imports.
  • European nations hold varying views on responding to Trump's tariffs, with some advocating for de-escalation and others urging preparation for potential trade conflicts.

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