Factbox-What items are in the EU's new response measures to Trump tariffs?
By Julia Payne
BRUSSELS (Reuters) - The European Commission opened a public consultation on Thursday on products which could be hit by its new counter-measures to U.S. tariffs should negotiations with Washington fail.
The Commission has compiled a list of imported products worth 95 billion euros ($107.24 billion) and a list of EU exports to the U.S. worth 4.4 billion euros ($4.97 billion), including scrap metal, which could be subject to export duties. The Commission did not include possible tariff levels.
The public consultation ends June 10. The Commission will go through responses and formulate a final product list by end-June or early July. U.S. President Donald Trump paused the start of reciprocal tariffs by 90 days to July 8.
The list is predominantly industrial goods. Here is a breakdown of the major U.S. imports which could be targeted:
SECTORS VALUE
Aircraft 10.5 billion euros ($11.29
products billion) includes safety
glass, tyres and engine parts
Motor vehicles 10.3 billion euros ($11.63
products billion)
Motor vehicles 2 billion euros ($2.26
billion)
Alcohol 1.3 billion euros ($1.47
billion) such as wine,
bourbon, whisky
Agri-food 6.4 billion euros ($7.22
billion)
Fish 0.5 billion euros ($564.40
million)
Electrical 7.2 billion euros ($8.13
equipment billion)
Machinery 12 billion euros ($13.55
billion), such as harvesting
and milking machines
Health related 10 billion euros ($11.31
products (not billion), such as needles and
pharma) catheters
Plastics 12.9 billion euros ($14.59
billion), includes a range of
polymers such as polystyrene
and acetate
AGRI-FOOD DETAILS
* Processed foods, eggs, nuts, cocoa products like chocolate, fresh vegetables and fruit, animal parts like offal and bovine semen
* Oils and grains, and their related products such as sowing seeds, rolled oats, cereals, flours and buckwheat
* Plants and bulbs including tulips, trees and shrubs
OTHER IMPORTS
* Additional health products include syringes, ultrasound machines, artificial joints and daily use items such as tampons, combs and cosmetic brushes
* 200 million euros ($225.76 million) worth of batteries
* Live animals such as whales, parrots and ostriches
* niche items like opium used to make pain relief medicines, musical instruments, and sports equipment like tennis rackets, golf clubs and fishing rods
EU EXPORTS TO U.S.
* EU is considering export duties on the following goods: ferrous waste and scrap (iron or steel), aluminium waste and scrap, toluidines, enzymes and odiferous substances used in the food and drink industry
WHAT IS NOT INCLUDED
* The EU has not included lumber, copper, pharmaceuticals and critical raw materials as Trump is still expected to make more targeted tariff announcements in these areas
($1 = 0.8859 euros)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CNN
26 minutes ago
- CNN
What are stablecoins? Everything to know about the crypto being debated in Congress
Stablecoins are on the verge of going mainstream, analysts say, as a landmark regulatory bill makes its way through Congress. The Senate is deliberating the GENIUS Act, which would provide a framework for regulating stablecoins. The bill last week passed a major procedural hurdle in the Senate after initial resistance from some Democrats. Stablecoins are a type of crypto asset that is tied to the value of another currency, such as the US dollar or gold. They were initially created as a way for crypto investors to store their money but have grown in popularity in recent years for their use in digital payments. The landmark bill would provide a boost of legitimacy to the crypto industry and is another example of how cryptocurrencies have had a major revival under President Donald Trump's second term. Proponents of crypto have welcomed the focus on advancing stablecoin regulations. Yet critics have pointed to the Trump family's ties to the crypto industry: For example, World Liberty Financial, a company tied to the Trump family, has issued its own stablecoin. 'Stablecoins seem (to be) here to stay,' analysts at JPMorgan Chase said in an April note. 'A few years ago, we probably would have debated the accuracy of that sentence. Not today.' While cryptocurrencies are known for being volatile and fluctuating in value, stablecoins are supposed to be, as their name suggests, stable. This is because stablecoins are pegged one-to-one to another asset. They are most often linked to the US dollar, making one stablecoin worth $1. Companies that issue stablecoins hold other assets to back their coins and assure buyers about their value. For example, a company issuing stablecoins pegged to the US dollar could buy and hold high-quality assets like US government bonds. Two of the major stablecoin issuers are Tether, which issues USDT, and Circle, which issues USDC — and both of these stablecoins are pegged one-to-one to the dollar. Tether accounts for 62% of the total stablecoin market, according to analysts at Deutsche Bank. The total market value of stablecoins surged from $20 billion in 2020 to $246 billion in May 2025, according to analysts at Deutsche Bank. Stablecoins emerged in 2014 as way for crypto investors to park their money while buying and selling other more volatile cryptocurrencies like bitcoin. Since then, Stablecoins have ballooned in popularity particularly for their potential use in digital payments, said Darrell Duffie, a professor of finance at Stanford University. Stablecoins, given their stable value, can serve as a medium of exchange and function as a digital currency. The crypto coins have emerged as useful in helping speed up payments. 'Cross-border payments are providing the most exciting new use cases,' Duffie said. 'Making a payment, such as a remittance or a vendor payment to or from an emerging-market country, can now be made faster and at lower cost than a conventional correspondent banking payment.' While stablecoins are significantly less volatile than other crypto coins, they are not without risks. If the assets backing the coin drop in value and the one-to-one peg falls apart, it could cause the equivalent of a bank run, said Duffie. Stablecoins gained notoriety in 2022 when TerraUSD, an obscure type of coin called an algorithmic stablecoin, crashed in value and caused a panic among investors. There are also security risks like people forgetting the pass-code to their crypto wallet. The GENIUS act stands for 'Guiding and Establishing National Innovation for U.S. Stablecoins of 2025.' Circle would likely benefit from increased regulation more than Tether as Circle is a US-based company while Tether is based in El Salvador, Del Wright, a professor at Louisiana State University Law School who specializes in crypto, told CNN. If the legislation passes, it could usher in mainstream adoption of stablecoins for digital payments and spur growth in the stablecoin industry, said Christian Catalini, founder of the cryptoeconomics lab at MIT. He added that traditional Wall Street firms and startups would also compete to offer stablecoins. Visa (V) in May announced a partnership with Bridge, a stablecoin company owned by fintech startup Stripe, to enable payments using stablecoin in countries across Latin America. 'Stablecoins are on the cusp of mainstream adoption in 2025 as the US pushes forward with landmark legislation,' analysts at Deutsche Bank said in a May note. Despite the resistance in the Senate, 'we still expect progress this year.'

Wall Street Journal
29 minutes ago
- Wall Street Journal
Clean-Energy Investment Set to Double Fossil Fuel Financing in 2025, IEA Says
Global investment in clean-energy technology and infrastructure is set to double that of fossil fuels this year despite geopolitical and market turmoil, according to a report on the sector by the International Energy Agency. Around $3.3 trillion in investments will flow into the energy sector in 2025, up 2% from 2024. Of that, around $2.2 trillion will go to renewable and nuclear energy, energy storage, low-emission fuels, efficiency and electrification—double the amount going to oil, natural gas and coal, according to the Paris-based organization.
Yahoo
30 minutes ago
- Yahoo
Wall Street futures edge up as investors await key jobs data
(Reuters) -U.S. stock index futures edged higher on Thursday as investors looked ahead to the monthly jobs report to gauge the impact of President Donald Trump's trade policies on the labor market and the Federal Reserve's interest rate trajectory. Following Wednesday's weaker-than-expected U.S. private jobs and services sector data, Friday's non-farm payrolls report will come under sharp scrutiny as investors fear that Trump's erratic trade policies will drive a slowdown in economic growth. The data comes ahead of the Fed's policy decision later this month, where policymakers are widely expected to hold interest rates. Traders currently see at least two rate cuts by the end of this year, as per pricing in money markets. Despite continued calls from Trump to slash interest rates, Fed Chair Jerome Powell has opted to stand pat so far, awaiting further data to help dictate the policy decision as tariff volatility prevails. On Wednesday, Washington's doubled tariffs on imported steel and aluminum came to effect and it also marked Trump's deadline for trading partners to make their best offers to avoid other punishing import levies from taking effect in early July. Investors focused on tariff negotiations between Washington and trading partners, with Trump and Chinese leader Xi Jinping expected to speak sometime this week as tensions simmer between the world's two biggest economies. U.S. equities rallied sharply in May, with investors boosting the S&P 500 index and the tech-heavy Nasdaq to their biggest monthly percentage gain since November 2023, thanks to a softening of Trump's harsh trade stance and upbeat earnings reports. The S&P 500 remains nearly 3% below record highs touched in February. Data scheduled for Thursday include initial jobless claims and international trade data at 08:30 a.m. ET. U.S. central bank officials including Fed Board Governor Adriana Kugler, Fed Kansas City President Jeffrey Schmid and Fed Philadelphia President Patrick Harker are scheduled to speak later in the day. At 5:53 a.m. ET, Dow E-minis were up 45 points, or 0.11%, S&P 500 E-minis were up 3 points, or 0.05%. Nasdaq 100 E-minis were up 10 points, or 0.05% Most megacap and growth stocks were mixed in premarket trading. Tesla fell 1.7%. Among early movers, shares of MongoDB jumped nearly 15% after the software company gave an upbeat annual forecast and reported quarterly results above estimates. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data