EU Targets Boeing, US cars and bourbon with €72bn retaliatory tariff list
On Monday Mr Trump said he is still open to more trade negotiations with the EU after announcing over the weekend a 30% levy on EU imports that will kick in on August 1 if the two sides fail to agree on a better deal.
EU trade chief Maros Sefcovic was planning to speak with US Commerce Secretary Howard Lutnick late Monday as he pushes for a settlement that the EU insists must be mutually beneficial to both sides.
'We're always open to talk,' the US president told reporters at the White House.
'We are open to talk, including to Europe. In fact, they're coming over. They'd like to talk.'
Over the weekend, Mr Trump set out his plans for higher EU tariffs which Sefcovic called 'effectively prohibitive' to transatlantic trade. EU trade ministers met in Brussels on Monday to discuss next steps.
The additional EU duties would also be slapped on US machinery products, chemicals and plastics, medical devices, electrical equipment, wines and other agricultural goods, according to a 206-page list prepared by the European Commission and seen by Bloomberg News.
The list, initially hitting American goods totaling €95 billion, was cut down after consultations with companies and member states. Countries must give their approval before the list's adoption.
The suite of measures pre-dates the weekend letter threatening to raise tariffs to 30% and represents the EU's response to an earlier so-called reciprocal tariff of 20% hitting most goods as well as the additional levies on cars and car parts of 25%.
European Commission representatives did not immediately respond to a request for comment early Tuesday morning. The list, which was reported earlier by Politico, does not include a tariff rate for the goods.
Over the weekend, the EU announced it was set to extend a suspension of tariffs on a first list of €21bn of US products in response to additional steel and aluminum tariffs from Mr Trump.
The EU's new list of targeted US products includes more than €65bn of industrial goods, including nearly €11bn in aircraft, more than €9.4bn in machinery, and €8bn in cars.
More than €6bn of US goods hit are agrifood products, mostly fruits and vegetables and alcoholic drinks.
Bloomberg
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Irish Times
an hour ago
- Irish Times
Domino's beats quarterly sales estimate on strong US demand
Domino's Pizza surpassed analysts' expectations for second-quarter US same-store sales on Monday, driven by new items on the menu and promotions, amid persisting macroeconomic uncertainties, sending shares up nearly 5 per cent in premarket trade. The world's largest pizza chain introduced items such as the parmesan-stuffed crust pizza to its list, and attracted value-conscious consumers through deals under its rewards program. These efforts helped offset the impact from US President Donald Trump's fluctuating tariff policies and the resulting trade tensions. Consumer spending has declined in recent months due to rising inflation and uncertainty surrounding Trump's policies, prompting customers to seek value offerings rather than expensive dine-out options, which has benefited pizza chains like Domino's. 'In the US, both delivery and carry out grew, driving meaningful market share gains,' Domino's CEO Russell Weiner said. Domino's posted a 3.4 per cent rise in same-store sales in the U.S. for the quarter ended June 15, exceeding analysts' average estimate of a 2.21 per cent rise, according to data compiled by LSEG. That marked its first beat in five quarters. The company's online sales also grew, helped by discounts and from the success of its partnership with DoorDash, which doubled its share of sales made through third-party delivery channels to roughly 5 per cent, according to Matt Goodman, analyst at research firm M Science. International same-store sales grew 2.4 per cent, also ahead of the estimate of 1.71 per cent growth, while quarterly revenue rose 4.3 per cent to $1.15 billion, in line with estimates. Domino's posted quarterly earnings per share of $3.81, compared with the estimate of $3.95. The company said price hikes on the ingredient packs supplied to outlets reduced the gross margin for its US company-owned stores by 2 per cent. – Reuters
Irish Examiner
2 hours ago
- Irish Examiner
Trump threatens to hold up stadium deal over Washington NFL name change
Donald Trump is threatening to hold up a new stadium deal for Washington's NFL team if it does not restore its old name of the Redskins, which was considered offensive to Native Americans. Mr Trump also said that he wants Cleveland's baseball team to revert to its former name, the Indians, saying there was a 'big clamouring for this' as well. The Washington Commanders and Cleveland Guardians have had their current names since the 2022 seasons and both have said they have no plans to change them back. Mr Trump said the Washington football team would be 'much more valuable' if it restored its old name. The Cleveland Guardians sign above the scoreboard at Progressive Field (Ron Schwane/AP) 'I may put a restriction on them that if they don't change the name back to the original Washington Redskins, and get rid of the ridiculous moniker, Washington Commanders, I won't make a deal for them to build a Stadium in Washington,' Mr Trump said on his social media site. His latest interest in changing the name reflects his broader effort to roll back changes that followed a national debate on cultural sensitivity and racial justice. The team announced it would drop the Redskins name and the Indian head logo in 2020 during a broader reckoning with systemic racism and police brutality. The Commanders and the District of Columbia government announced a deal earlier this year to build a new home for the football team at the site the old RFK Stadium, the place the franchise called home for more than three decades. Mr Trump's ability to hold up the deal remains to be seen. President Joe Biden signed a bill in January that transferred the land from the federal government to the District of Columbia. The provision was part of a short-term spending bill passed by Congress in December. While DC residents elect a mayor, a city council and commissioners to run day-to-day operations, Congress maintains control of the city's budget. US president Donald Trump (PA) Josh Harris, whose group bought the Commanders from former owner Dan Snyder in 2023, said earlier this year the name was here to stay. Not long after taking over, Mr Harris quieted speculation about going back to Redskins, saying that would not happen. The team did not immediately respond to a request for comment following Trump's statement. The Washington team started in Boston as the Redskins in 1933 before moving to the nation's capital four years later. The Cleveland Guardians' president of baseball operations, Chris Antonetti, indicated before Sunday's game against the Athletics that there were not any plans to revisit the name change. 'We understand there are different perspectives on the decision we made a few years ago, but obviously it's a decision we made. We've got the opportunity to build a brand as the Guardians over the last four years and are excited about the future that's in front of us,' he said. Cleveland announced in December 2020 it would drop Indians. It announced the switch to Guardians in July 2021. In 2018, the team phased out 'Chief Wahoo' as its primary logo. The name changes had their share of supporters and critics as part of the national discussions about logos and names considered racist. Mr Trump posted on Sunday afternoon that 'The Owner of the Cleveland Baseball Team, Matt Dolan, who is very political, has lost three Elections in a row because of that ridiculous name change. What he doesn't understand is that if he changed the name back to the Cleveland Indians, he might actually win an Election. Indians are being treated very unfairly. MAKE INDIANS GREAT AGAIN (MIGA)!' Matt Dolan, the son of the late Larry Dolan, no longer has a role with the Guardians. He ran the team's charity endeavours until 2016. Matt Dolan was a candidate in the Ohio US Senate elections in 2022 and 2024, but lost.
The Irish Sun
3 hours ago
- The Irish Sun
Brits face new £185 visa fee when visiting the US under new rules
VISITORS heading to America could face a 'Visa Integrity Fee' under new rules. The new fee falls under President Donald Trump's 'One Big Beautiful Bill' and could see Brits paying a substantial fee to visit Advertisement 3 Brits could have to pay a new fee to visit the US Credit: Getty 3 Under a new bill, any traveller that needs a 'nonimmigrant visa' will have to pay $250 Credit: Getty The fee will apply to anyone who needs a 'non-immigrant visa' - which includes people travelling for business , study and temporary work for more than three months. It will cost around $250 (£185.80) and is expected to be introduced before the end of 2025. The cost will also be on top of all existing visa application fees. Individuals will pay the fee once a visa is issued and if an application is denied, then you won't be charged the fee. Advertisement Read more on travel inspo The fee will also be reimbursed if travellers stick to their visa conditions such as not working illegally and not overstaying their visa by more than five days. The reimbursement will be given after your visa expires - although, the process is not clear yet. Once the fee is implemented, the money will go to the US treasury Department's general fund and is estimated to bring in $28.9billion (£21.3billion) over the next decade. There will also be an increase in the fee for the I-94 form, which records arrival and departure dates. Advertisement Most read in News Travel Exclusive The fee will rise from $6 (£4.46) to $24 (£17.84). According to immigration system." Big Changes Coming to Airport Security: TSA Liquid Rule May Be Axed Soon However, under the Visa Waiver Programme (VWP) - which the UK is part of - most Brits travelling to the US for tourism or short business trips, do not need a visa. Instead, they will need to apply for an Advertisement As a result, Brits eligible for and using an ESTA, will not need to pay the new Visa Integrity Fee. Brits that will be impacted by the new fee include those travelling for a purpose not covered by the VWP such as long-term study or certain types of employment or those not eligible for VWP due to their travel history , like travel to restricted countries. According to the Though travellers may be unable to apply for an ESTA visa waiver if they have been arrested, have a criminal record, have been refused admission into or have been deported from the US or have previously overstayed an ESTA visa waiver. Advertisement An ESTA application costs $21 (£15.60) and can take up to 72 hours to be approved. Tourist visa waiver for US holidays to cost more THE fee for an Electronic System for Travel Authorization (ESTA) is expected to rise in the future. Thanks to a new bill being passed, the price of an ESTA is set to double from $21 (£15.38) to $40 (£29.30). Before entering the US, Brits are required to apply for an Electronic System for Travel Authorization (ESTA). The fee is currently $21 (£15.38) to apply for an ESTA - a price which was introduced in May 2022. Prior to this date, the fee was $14 (£10.25) and will now rise to $40 (£29.30) although an official start date is yet to be confirmed. The rise in fees is part of US President Donald Trump's "One Big Beautiful Bill". The current rules require every visitor from the UK to apply for an ESTA to be allowed access into the United States. An ESTA is generally valid for two years from the date of approval, or until the passport used for the application expires, whichever comes first. If your passport expires before the two-year period, your ESTA will be valid only until the passport's expiration date. These are the latest travel rules for Brits heading to America after European tourists have been stopped at the border. Plus, 3 However, Brits can avoid the fee under the Visa Waiver Programme Credit: Getty Advertisement
