EU threatens retaliatory tariffs for US goods after Trump’s surprise 30% tariffs - WSJ

FXStreetJul 15, 2025 1:46 AM

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The European Union (EU) is preparing tariffs on US goods, including aircraft, alcohol, coffee, and medical devices worth 72 billion euros ($84 billion) in case no trade deal is reached by August 1, per the Wall Street Journal.

The measures still need approval from EU governments, and the Commission has not yet released a public statement.

Market reaction

At the time of press, the EUR/USD pair was up 0.03% on the day at 1.1669.

Reviewed byJane Zhang

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