EU trade ministers discuss €72 billion retaliatory tariffs on US goods

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EU trade ministers discuss €72 billion retaliatory tariffs on US goods  Caught off guard while preparing to sign an agreement in principle with the US on tariffs, the EU is gearing up for retaliation in case negotiations fail following the new US threats over the weekend.  READ MORE : http://www.euronews.com/2025/07/14/the-eu-advances-its-retaliation-to-us-tariffs  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

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00:00Now that the shock is over, the European Union is preparing its trade response.

00:06The 27 trade ministers met in Brussels on Monday to drop a joint response to the 30% tariffs announced by the United States on Saturday.

00:14The EU still wants to give priority to negotiations.

00:17But it said it's prepared to use all means necessary to defend its interests without giving more details.

00:23Some member countries, however, such as France and Spain, are more vocal with their objections.

00:30A first European package of countermeasures has already been established.

01:00One of the new options on the table is a second larger package of countermeasures valued at 72 billion euros.

01:09There's also talk of activating the anti-coercion instrument.

01:13This is a mechanism for responding to trade pressures by imposing customs duties or limiting access to public contracts.

01:19We should negotiate, for sure. We do have time left.

01:22What we need to change is we need to be very concrete now how we will retaliate.

01:27We were very abstract until now. We need to be very concrete.

01:30This is our package. This is what we will do.

01:33We will use the anti-coercion instrument.

01:36And that, I think, will have spooked the markets and maybe also then President Trump.

01:41So we have to be very concrete of how we will retaliate now.

01:44The deadline is the 1st of August.

01:48The EU says its biggest priority is to strike a deal to avoid a trade war with its main partner.

01:53Come out!

01:55The EU

02:02The EU

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