TechFlow, May 6 — According to Jinshi Data, sources revealed that if ongoing trade talks fail to yield results satisfactory to the European Union, the EU plans to impose additional tariffs on around €100 billion (US$113 billion) worth of U.S. goods. The proposed retaliatory measures will be shared with member states as early as Wednesday, with consultations lasting one month before the final list is confirmed.
Earlier media reports indicated that the European Commission is expected to share a document with the U.S. this week in an attempt to kickstart negotiations. The EU’s proposal is expected to include lowering trade and non-tariff barriers, as well as increasing investment into the United States. Talks between the EU and the U.S. formally began last month but have made little progress, with most U.S. tariffs expected to remain unchanged. On Tuesday, the EU stated that Trump’s ongoing trade investigation would increase the amount of EU goods exposed to U.S. tariffs to €549 billion.
