Headlines
EU ready to hit US with 21-billion-euro tariff list, Italy foreign minister says
Published by Global Banking & Finance Review®
Posted on July 14, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on July 14, 2025
1 min readLast updated: January 22, 2026
The EU is prepared to impose a 21-billion-euro tariff on US goods if trade talks fail, according to Italy's Foreign Minister. This follows threats from the US to impose tariffs on EU and Mexico.
MILAN (Reuters) -The European Union has already prepared a list of tariffs worth 21 billion euros ($24.52 billion) on U.S. goods if the two countries fail to reach a trade deal, Italy's Foreign Minister Antonio Tajani said in a newspaper interview on Monday.
U.S. President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the EU starting on Aug. 1, after weeks of negotiations with major U.S. trading partners failed to reach a comprehensive deal.
Tajani also told daily Il Messaggero that to help the euro zone economy the European Central Bank should consider a new "quantitative easing" bond-buying-programme, and more interest rate cuts.
($1 = 0.8565 euros)
(Reporting by Cristina Carlevaro, editing by Gavin Jones)
The European Union has prepared a list of tariffs worth 21 billion euros ($24.52 billion) on U.S. goods.
U.S. President Donald Trump threatened to impose a 30% tariff on imports from Mexico and the EU starting on August 1.
Italy's Foreign Minister suggested that the European Central Bank should consider a new quantitative easing bond-buying program and more interest rate cuts to help the euro zone economy.
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