EU Warns US Tariffs Could ‘Wipe Out’ Trade as August 1 Deadline Looms
EU Warns US Tariffs Could ‘Wipe Out’ Trade as August 1 Deadline Looms The European Union has issued a stark warning that its extensive trade relationship with the United States could be “effectively wiped out” if Washington proceeds with its threat to impose a 30% tariff on goods imported from the bloc. EU Trade Commissioner Maroš Šefčovič stated that a tariff at or above 30% would practically prohibit trade, making it “almost impossible” for current trade levels to continue if…