EU Finalizes $84 Billion Tariff List on US Goods Amid Rising Trade Tensions

EU Finalizes $84 Billion Tariff List on US Goods Amid Rising Trade Tensions

The European Union (EU) has completed preparations for a sweeping tariff list targeting $84 billion (€72 billion) worth of US imports, according to a Bloomberg report on Monday citing an internal European Commission document.

Key US Exports in Focus

The 206-page list includes major American exports such as:

• Aircraft manufactured by Boeing Co. (NYSE: BA)
• Automobiles and auto parts
• Bourbon whiskey
• Agricultural goods
• Chemicals and machinery

The initial list had a broader value of €95 billion, but was narrowed following consultation with EU member states and industry stakeholders. While the exact tariff rates remain unspecified, the scale and scope reflect a significant escalation in trade countermeasures.

EU Response to Trump's Tariff Moves

This move is a direct response to President Donald Trump’s imposition of a 20% reciprocal tariff on most EU-origin goods, in addition to 25% tariffs on automobiles and parts.

In a further escalation, Trump has threatened to increase tariffs on EU imports to 30% starting August 1, which EU Trade Commissioner Maros Sefcovic called "effectively prohibitive" and economically disruptive.

Trade ministers from across the EU met in Brussels on Monday to align their position, and Sefcovic is set to resume trade talks with US Commerce Secretary Howard Lutnick in the coming days.

Outlook and Market Reaction

This development signals a worsening transatlantic trade standoff, which could impact global supply chains, export-driven industries, and broader investor sentiment.

The list’s inclusion of high-profile US sectors—such as aerospace and autos—suggests the EU is positioning itself for strategic counterpressure while leaving room for further negotiation.

Read More on Tredu.com:

• Trump’s EU Tariff Threats: What They Mean for Global Trade
• US-EU Trade Timeline: From Cooperation to Confrontation
• How Tariffs Impact Automotive and Aerospace Industries