Tariffs on US grains and soy among EU’s proposed countermeasures

The European Commission has published a list of US products that may be subject to counter-tariffs. That is, if negotiations with the United States about lifting the tariffs break-down. The list compiles of 218 pages of US products worth €95 billion.

The list primarily includes agricultural and industrial products, including grains and soy-related products, meats and vegetables, whiskey, motorcycle and aircraft parts. The Commission also aims to restrict EU exports of steel scrap and chemical products. Together worth €4.4 billion. Difficult-to-source products excluded There are no pharmaceutical products or products that are difficult to import from elsewhere on the list, a committee source said. Stakeholders, including producers, can submit objections to the list up until June 10. “We don’t want to shoot ourselves in the foot,” the source stated. Revised retaliation list explained The new list differs from the one published by the Commission last month as a retaliatory measure. The EU decided to pause these countermeasures for 90 days, after US President Donald Trump did the same for an overall import tariff of 20%.

Negotiations continue. The pause runs until July 14. The EU is using this time to negotiate with the US, aiming for the removal of all mutual tariffs. The European Commission has not shared details on how those negotiations are progressing. However, it acknowledges that some tariffs may remain, which is why this list of retaliatory tariffs has been prepared. Tariffs on cars and steel A general 10% U.S. import tariff is still in effect, along with a 25% tariff on steel, aluminium, and cars. These additional U.S. duties affect €370 billion worth of EU exports. The new list is intended as a response to those general and automotive tariffs. “Good deals to be had… for both sides” The EU wants to continue negotiating with the US to lift trade tariffs, says European Commission President Ursula von der Leyen. “We are convinced that there are good deals to be had for the benefit of consumers and businesses on both sides of the Atlantic.”

Tags: soy-related products, exports, Grains, US, European Commission, vegetables, products, meats, tariffs