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EU targets 95-bln-euro worth of US imports, readies WTO litigation in case trade talks collapse

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EU targets 95-bln-euro worth of US imports, readies WTO litigation in case trade talks collapse

2025-05-09 02:34 Last Updated At:14:57

The European Commission has launched a public consultation targeting U.S. imports worth 95 billion euros (107.2 billion U.S. dollars), warning that retaliatory measures could take effect if ongoing negotiations with the United States fail to yield an agreement, according to a statement released on Thursday.

The consultation covers a broad range of U.S. industrial and agricultural goods, including wine, frozen meat, aircraft, cars and car parts, chemicals, electrical equipment, healthcare products, and machinery.

In parallel, the bloc is also weighing new restrictions on 4.4 billion euros of European Union (EU) exports to the United States, such as steel scrap and chemical products.

Currently, the EU faces 25 percent U.S. tariffs on steel, aluminum, and automobiles, alongside 10 percent baseline duties on most other exports. The bloc has been preparing for a possible end to a 90-day tariff truce, which is set to expire on July 8. If no deal is reached, the U.S. universal tariffs could rise to 20 percent.

The Commission stated that the consultation on countermeasures aims to address both the universal U.S. tariffs and those specifically targeting cars and auto parts.

At the same time, the Commission announced that the EU will launch a World Trade Organization (WTO) dispute against the so-called "reciprocal" tariffs and duties on vehicles and vehicle components. The EU will submit a formal request for consultations, arguing that the U.S. measures violate core WTO rules.

"The EU's objective is thus to reaffirm that internationally agreed rules matter, and these cannot be unilaterally disregarded by any WTO member, including the U.S.," the statement underlined.

While underscoring the EU's preference for a negotiated solution, European Commission President Ursula von der Leyen emphasized that the bloc "continues preparing for all possibilities."

The Commission noted that nearly 70 percent of EU exports to the United States - amounting to 379 billion euros - are now affected by the new tariffs, including some that are temporarily suspended. These tariffs have increased business costs, slowed economic growth, fueled inflation, and contributed to heightened global economic uncertainty.

Stakeholders are invited to submit feedback on the proposed measures until June 10. Following the consultation, the Commission will finalize its proposal and consult EU member states. If necessary, a legal act imposing tariffs could be swiftly enacted should talks with Washington collapse.

Regarding the WTO dispute, once the EU formally requests consultations, both parties will have up to two months to reach a mutually acceptable resolution. If no agreement is reached, the EU may request the establishment of a dispute panel to adjudicate the matter.

EU targets 95-bln-euro worth of US imports, readies WTO litigation in case trade talks collapse

EU targets 95-bln-euro worth of US imports, readies WTO litigation in case trade talks collapse

EU targets 95-bln-euro worth of US imports, readies WTO litigation in case trade talks collapse

EU targets 95-bln-euro worth of US imports, readies WTO litigation in case trade talks collapse

EU targets 95-bln-euro worth of US imports, readies WTO litigation in case trade talks collapse

EU targets 95-bln-euro worth of US imports, readies WTO litigation in case trade talks collapse

Protesters filled Mexico City's Paseo de la Reforma on Saturday, rallying in solidarity with Venezuela and denouncing U.S. influence in Latin America.

The United States launched a large-scale military operation against Venezuela in the early hours of Jan 3, taking by force Venezuelan President Nicolas Maduro and his wife, Cilia Flores.

Holding numerous flags and banners while chanting slogans intermittently, a huge crowd of protesters criticized U.S. military actions against Venezuela and the unlawful control over President Maduro and his spouse, calling for respect for national sovereignty and regional peace.

"We oppose the U.S. intervention and hegemony towards the countries in Latin America. The United States has flagrantly trampled on international law, bombed Caracas and kidnapped the Maduro couple. The U.S. interventionism has become extremely blatant. We must firmly oppose and be highly vigilant, because this is not only related to a certain country, but also to all countries," said a protester.

"We demand that the United States stop interfering in Venezuela's internal affairs. The country must immediately cease its exploitation and plundering of the countries in Latin America," said another protester.

Protest erupts in Mexico City over US military operation in Venezuela

Protest erupts in Mexico City over US military operation in Venezuela

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