EC to take €18B in retaliatory measures against US

The European Commission has launched the process to impose additional countermeasures on the US, Report informs via the European Commission website.

These will target approximately €18 billion worth of goods, which will then apply together with the reimposed measures from 2018. The objective is to ensure that the total value of the EU measures corresponds to the increased value of trade impacted by the new US tariffs.

The first step in this process is the launch of a two-week consultation with EU stakeholders. These consultations will ensure that the right products are chosen for inclusion in the new countermeasures, ensuring an effective and proportionate response that keeps disruption to EU businesses and consumers to a minimum.