EU prepares 'strong plan' to tackle Trump's global tariff threats

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EU prepares 'strong plan' to tackle Trump's global tariff threats - Business Standard

Quick Summary:

The US intends to impose sweeping tariffs on global partners as soon as Wednesday.

They are expected to enter into force in parallel with additional 25% tariffs on all the cars imported to the US and 25% duties on steel and aluminum imports from global partners.

The EU had offered the US administration a deal to lower tariffs on industrial goods including cars, along with the possibility of increasing imports of American goods such soybeans and liquefied natural gas.