The European Commission is preparing to launch countermeasures against a wide range of U.S. industrial and agricultural products if ongoing tariff negotiations fail to remove U.S. levies and produce a deal beneficial to both parties, the commission said in a May 7 press release.
The targeted imports would be worth roughly $107 billion (95 billion euros), the commission said. The commission is additionally considering export restrictions on European Union steel scrap and chemical products worth nearly $5 billion (4.4 billion euros).
The commission is seeking comments from EU citizens and organizations on the selected U.S. imports, with comments due by June 10.
The commission’s proposals are in response to the U.S.’ universal tariffs and levies on cars and car parts and other sectors. The commission described the actions as “unjustified and harmful.” U.S. tariffs affect more than $425.5 billion (379 billion euros) worth of EU exports, per the commission.
