EU Plans Vote on Retaliatory Tariffs Against US

The European Union has proposed a 'zero-for-zero' tariff deal on cars and various industrial goods as a means to de-escalate tensions with the United States, following President Trump's implementation of tariffs on steel and aluminum. EU Trade Commissioner Maros Šefčovič indicated that this offer was made prior to the initiation of the tariffs, and it includes zero tariffs on sectors such as pharmaceuticals and machinery. Ursula von der Leyen, the EU Commission President, confirmed that the proposal remains open for negotiation. Meanwhile, as the EU prepares to respond to U.S. tariffs, member states are set to vote on retaliatory measures that could affect up to €26 billion worth of U.S. goods. Kevin O’Leary of Shark Tank fame highlighted this proposal as a crucial opportunity for Trump to find a resolution, emphasizing the potential benefits for American carmakers. However, the EU has made it clear that it will not wait to defend itself amidst the ongoing trade disputes.