Russian military advance in eastern Ukraine ahead of Trump-Putin summit - Global Banking & Finance Review
Image depicting the recent Russian military advance into eastern Ukraine near Dobropillia, highlighting the escalating tensions ahead of the Trump-Putin summit. This event is pivotal in the ongoing conflict and impacts geopolitical discussions.
Finance

New U.S. tariffs on EU goods would be unacceptable, EU trade committee head says

Published by Global Banking & Finance Review

Posted on June 3, 2026

3 min read

· Last updated: June 3, 2026

Add as preferred source on Google

EU Calls New U.S. Tariff Proposals Unacceptable Amid Trade Dispute

Escalating Tensions Over Tariffs and Forced Labour Claims

EU Rejects U.S. Tariff Proposals

BRUSSELS, June 3 (Reuters) - Any new U.S. tariffs on European Union goods on top of the rates agreed last year would be unacceptable, senior EU lawmaker said on Wednesday, rejecting U.S. claims the EU was not curbing trade in forced labour goods as "utterly absurd".

The U.S. Trade Representative's office on Tuesday proposed imposing additional duties of 10% or 12.5% on imports from 60 economies, including the European Union, saying investigations showed they failed to curb trade in goods made with forced labour.

EU Lawmaker's Response

"Even though this was to be expected, the investigation and its findings are utterly absurd," Bernd Lange, who chairs of the European Parliament’s Committee on International Trade, said.

"Following the setback at the Supreme Court, the US government is desperately seeking a new legal basis for its tariff policy. It appears that every conceivable pretext is now being used to justify existing tariffs or prepare new ones," he said.

"The impression is increasingly emerging that a tariff measure is sought first, and only then is a suitable legal justification found. The approach here is: if it doesn’t fit, make it fit," he said.

EU Actions Against Forced Labour

Legislation and Compliance Efforts

Lange said that at the end of 2024, the European Union adopted the world's strictest legislation against products made using forced labour and that companies were already preparing for the new requirements to make supply chains more transparent, identify risks and demonstrate that countermeasures are in place.

The European Commission was working on the final implementation guidelines for authorities and businesses, he said.

Global Standards and Scrutiny

"The claim that the EU is not taking sufficient action against forced labour does not stand up to serious scrutiny. Anyone who examines the facts knows that the European Union is setting global standards in this area," he said.

Future of U.S.-EU Trade Agreements

Turnberry Agreements and Tariff Limits

"The key question will therefore be whether the proposed additional tariff of ten per cent will exceed the Turnberry agreements," he said referring to an agreement from July 2025 in which the EU agreed to remove tariffs on US goods and Washington agreed to a maximum tariff on most EU goods of 15%.

"For us, it is clear: anything above that is unacceptable," Lange said.

(Reporting by Jan Strupczewski)

Key Takeaways

  • USTR proposes 10% tariff on EU goods (12.5% for some) citing failures to curb forced‑labour trade (wtvbam.com)
  • EU has enacted the world’s strictest forced‑labour regulation (entered into force December 13, 2024; applies from December 14, 2027; guidelines due June 14, 2026) (cov.com)
  • Turnberry agreement (July 27, 2025) caps U.S. tariffs on most EU goods at 15%, and any higher new duties would breach that accord (cnbc.com)

References

Frequently Asked Questions

What new U.S. tariffs are being proposed on EU goods?
The U.S. is proposing additional duties of 10% or 12.5% on imports from the EU, claiming the EU has not curbed trade in forced labour goods.
How did the EU respond to the proposed new U.S. tariffs?
The EU trade committee head called the new tariffs unacceptable, labeling the U.S. findings as 'utterly absurd' and defending EU actions against forced labour.
What legislation has the EU adopted regarding forced labour goods?
The EU adopted the world's strictest law against products made with forced labour at the end of 2024, requiring greater supply chain transparency.
What does the Turnberry agreement stipulate regarding tariffs?
The Turnberry agreement stipulates that most EU goods face a maximum 15% U.S. tariff, and the EU must remove tariffs on US goods by July 2025.
What is the EU's stance on claims it isn't doing enough against forced labour?
The EU trade committee head rejects the U.S. claim, stating the EU is setting global standards and implementing strict measures.

Tags

Related Articles

More from Finance

Explore more articles in the Finance category