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EU prepares EUR100 billion retaliatory list in case US talks fail

By Joanna Sopinska ( May 7, 2025, 12:26 GMT | Insight) -- The European Commission is preparing a list of US products valued at around 100 billion euros that would face retaliatory tariffs if the ongoing trade negotiations with the US should fail, MLex has learned. The proposal is likely to exclude pharmaceuticals and items such as bourbon and wine that were previously removed from the steel retaliatory list, and is expected to be sent to EU governments later today or tomorrow.The European Commission is preparing a list of US products valued at around 100 billion euros ($113 billion), which would face retaliatory tariffs if the ongoing trade negotiations with the US administration fail, MLex has learned. The proposal is likely to exclude pharmaceuticals and items such as bourbon and wine that were previously removed from the steel retaliatory list, and is expected to be sent to EU governments later today or tomorrow....

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