As transatlantic trade tensions escalate, the European Union has finalised a second list of retaliatory measures, targeting $84 billion worth of US goods, including Boeing aircraft, automobiles and bourbon, if the US decides to take retaliatory actions.
According to a 206-page list prepared by the European Commission and seen by Bloomberg News, additional tariffs will also be imposed on machinery products, chemicals and plastics, medical equipment, electrical equipment, wine and other agricultural products.
The list initially covered US goods worth a total of 95 billion euros, but was reduced after consultation with businesses and member states. The measures must be approved by all countries before the list is adopted. This series of measures is the EU’s response to the so-called reciprocal tariffs previously announced by President Donald Trump, which would impose a 20% tariff on most goods and an additional 25% tariff on cars and car parts. Later, to facilitate negotiations, the general rate was temporarily reduced to 10%.
Politico reported on the list earlier, but it did not include the tariff rates for these goods.
Last weekend, the EU announced that it would extend the suspension of tariffs on the first batch of US products worth 21 billion euros in response to Trump’s additional tariffs on steel and aluminum.
The new list of US products targeted by the EU in the latest round covers industrial goods worth over 65 billion euros, mainly including aircraft (nearly 11 billion euros), mechanical equipment (over 9.4 billion euros) and automobiles (nearly 8 billion euros). Among the affected US products, over 6 billion euros are agricultural products, mainly including fruits and vegetables (nearly 2 billion euros) and alcoholic beverages (1.2 billion euros).
This extensive package also includes precision equipment and instruments (nearly 5 billion euros), toys and hobby equipment (over 500 million euros), sporting guns (nearly 300 million euros) or musical instruments (about 200 million euros).
The document states that the criteria for selecting these goods include whether there are other supply sources and whether the product transfer risk is high. Importing military products is not subject to tariffs.
