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EU to set out next countermeasures against US tariffs on Thursday
Published by Global Banking & Finance Review®
Posted on May 7, 2025
2 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 7, 2025
2 min readLast updated: January 24, 2026
The EU will detail new countermeasures against US tariffs on Thursday, focusing on rebalancing and further negotiations.
SINGAPORE (Reuters) - The European Commission will announce on Thursday details of its next countermeasures against U.S. tariffs should negotiations with Washington fail, European Trade Commissioner Maros Sefcovic said on Wednesday.
"Tomorrow we will announce next preparatory steps, both in the area of possible rebalancing measures, and also in the areas important for the further discussions," Sefcovic told a news conference in Singapore after the signing of a digital trade agreement with the Southeast Asian country.
He added that he will work closely with member states and industries to prepare for every scenario.
"I would like to make it very clear that negotiations clearly come first, but not at any cost," he said.
The new measures would represent the EU's response to U.S. import tariffs on cars and so-called reciprocal tariffs on most other goods.
The 27-nation bloc had in April approved duties mostly of 25% on U.S. imports amounting to 21 billion euros ($23 billion), including maize, wheat, motorcycles and clothing. The duties have been paused until July, after U.S. President Donald Trump announced a 90-day suspension of reciprocal tariffs.
The EU faces 25% U.S. import tariffs on its steel, aluminium and cars. It also faces reciprocal tariffs of 10% for almost all other goods, a levy that could rise to 20% after the 90-day pause expires on July 8.
Sefcovic previously said U.S. tariffs now covered 70% of EU goods trade to the United States and could rise to 97% after further U.S. investigations into pharmaceuticals, semiconductors and other products.
(Reporting by Jun Yuan Yong, writing by Philip Blenkinsop; Editing by Ewan Harwood)
The article discusses the EU's planned countermeasures against US tariffs, highlighting potential rebalancing measures and ongoing negotiations.
The EU plans to announce new countermeasures against US tariffs, focusing on rebalancing measures and preparing for various scenarios.
European Trade Commissioner Maros Sefcovic is involved in the negotiations, working closely with EU member states and industries.
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