EU ready to hit US with 21-billion-euro tariff list, Italy foreign minister says
EU ready to hit US with 21-billion-euro tariff list, Italy foreign minister says
Published by Global Banking and Finance Review
Posted on July 14, 2025
Published by Global Banking and Finance Review
Posted on July 14, 2025
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)
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