EU to hit US aircraft, cars and food in latest retaliatory strike

[In It to Win It]

BRUSSELS — The European Union is looking at targeting €72 billion in U.S. goods in a second round of trade countermeasures, including aircraft, cars and car parts, according to a list seen by POLITICO on Monday.

The bulk of those exports targeted are industrial goods, totaling €65.7 billion, while €6.4 billion in agricultural products would also be hit if EU countries back the new retaliatory tariffs. The list includes bourbon whiskey, despite intense lobbying from France and Ireland to shield the drinks sector from U.S. President Donald Trump’s reprisals.

The biggest line item in the 200-page list is aircraft and aircraft parts, with tariffs set to target almost €11 billion of U.S. exports — potentially dealing a heavy blow to plane maker Boeing.

Then comes machinery, followed by cars and car parts; chemicals and plastics; medical devices and equipment; electrical equipment; and industrial goods — all of which fall into multibillion-euro categories.

The total figure is down from an earlier proposal to impose retaliatory tariffs on €95 billion of U.S. goods.

https://www.politico.eu/article/eu-to-hit-us-aircraft-cars-and-food-in-latest-retaliatory-strike/

[Torchlight]

1. Trump is "I did that!"

unless he chickens out again. which is my bet.

[TheProle]

2. EU warns that its trade with the US could be effectively wiped out if Trump follows through on his threat

The European Union has warned that its trade with the United States could be effectively wiped out if Washington makes good on its threat to slap a 30% tariff on goods imported from the bloc.

A tariff of “30%, or anything above 30%… has more or less the same effect. So, practically it prohibits the trade,” Maroš Šefčovič, the EU’s trade commissioner, said as he arrived ahead of an EU ministerial meeting in Brussels on Monday.
Stacked shipping containers in the commercial port of Barcelona, Spain, on Monday, July 7, 2025. The EU is said to be seeking a preliminary agreement with the US that would allow it to lock in a 10% tariff rate beyond an Aug. 1 deadline.

Šefčovič said it will “be almost impossible” for the bloc to continue its current level of trade with America if that new tariff rate is implemented on August 1 – the date stipulated by US President Donald Trump in his letter to the EU on Saturday.

“If (the tariff) stays 30 (percent) plus, simply trading as we know it will not continue, with huge negative effects on both sides of the Atlantic,” he added. “I will definitely do everything I can to prevent this super-negative scenario.”

https://www.cnn.com/2025/07/14/business/europe-us-trade-tariff-wipe-out-intl

[NJCher]

3. Do we have to play this stupid game?