18 JULY 2025AlCircle.com
With the August 1 deadline looming, can the EU and US avoid a full-blown trade war?
Edited by : Aranya Mondal
5 min read
As trade tensions between the European Union and the US reach a critical point, the EU is preparing a second wave of retaliatory tariffs targeting billions of dollars in US exports each year. This move comes amid stalled negotiations and the looming threat of the US imposing steep 30 per cent tariffs on nearly all EU goods starting August 1.
Caught off guard by the sudden threat of these duties, the European Commission swiftly responded with plans to impose counter tariffs on US exports valued at EUR 72 billion, a measure that could also impact the EU’s own economy.
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