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EU countries endorse EUR93 billion US retaliation package; Hungary opposes

By Oscar Pandiello ( July 24, 2025, 08:55 GMT | Insight) -- EU governments today approved a 93 billion-euro package of retaliatory tariffs against the US, with only Hungary voting against the measure. The tariffs, which consolidate two earlier packages targeting US steel, aluminum and car duties, are set to take effect by Aug. 7 if talks with Washington collapse. The vote comes as the EU and US move closer to a broader trade agreement that could set a 15 percent baseline tariff on EU exports.EU countries today approved a 93 billion-euro ($109 billion) package of retaliatory tariffs against the US, MLex has learned....

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