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EU targets US with EUR100 billion of potential trade rebalancing measures

( May 8, 2025, 12:07 GMT | Official Statement) -- MLex Summary: The US might face trade rebalancing measures worth around 100 billion euros ($115 billion) if ongoing negotiations on a mutually beneficial trade deal fail, the European Commission warned today. The package includes a list totaling around 95 billion euros of US products such as agricultural goods, aircraft, motor vehicles and parts, chemicals, plastics and health-related items that might be subject to EU import tariffs. A second list, totaling around 4.5 billion euros, features EU products, including metal and aluminum scrap and chemical products, that may be subject to export restrictions. Both lists will be open for review by EU governments and businesses until June 10, followed by formal approval by EU governments. In parallel, the commission said it will also launch a WTO dispute against the US over its universal “reciprocal” tariffs and tariffs on cars and car parts, by formally lodging a request for consultations. It argues the US move violates global trade rules.Press release and product lists are attached. ...

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