EU ready for 10% US tariffs, but fears they will increase
Quick Look
- European officials believe they can cope with 10% US tariffs, but fear Washington could impose higher rates in the future.
- The US has proposed tariffs of 10% and 12.5% on 60 countries and the EU due to insufficient efforts to combat forced labor.
AI-generated summary
MOSCOW, June 4 - RIA Novosti. European officials believe they can cope with 10 percent import duties from the United States, but fear that the rate could go higher, Politico reports.
Earlier, a message was published on the website of the United States Trade Representative, according to which the US authorities proposed introducing additional duties of 10% and 12.5% on goods from 60 countries and the European Union, which, according to Washington, are not doing enough to combat the use of forced labor.
"European officials have privately said they could survive a tariff of 10%. However, they also fear that the next trade investigation could lead to much higher tariffs," the portal said.
As Politico notes, one of the officials added that the US proposal for 10% tariffs is "more or less" acceptable, but the EU is still awaiting further details.
