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US tariff of 30 percent would wreak economic harm, EU warns as it urges deal

( July 12, 2025, 14:34 GMT | Official Statement) -- MLex Summary: A US threat of a 30 percent tariff on EU exports from Aug. 1 would severely disrupt trans-Atlantic supply chains and harm both economies, European Commission President Ursula Von der Leyen has warned. While reaffirming the EU's commitment to reach a deal with the US by Aug. 1, Von der Leyen said the EU is prepared to adopt take “appropriate countermeasures” where necessary and remains dedicated to fair, rules-based global trade.Statement follows....

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