BRUSSELS, Belgium — The EU executive is preparing a list of proposed restrictions on US services companies — including tech giants — should Brussels fail to strike a trade deal with Washington, European diplomats said on Thursday.
US President Donald Trump blindsided the European Union earlier this month by threatening to slap 30 percent tariffs on the bloc's goods, despite months of talks to get an agreement.If they don't clinch a deal by August 1, Brussels has warned it will have no choice but to retaliate against Trump's steep levies because of their economic impact, and has drawn up two lists of US goods to target.
The official also stressed the EU had yet to even approve the measures by vote and that they could still change, but another diplomat said Brussels would have no choice but to respond 'forcefully.'Most EU member states want to keep options on the table but have backed the commission's attempts to try once again to get an agreement before firing off retaliatory measures.
Readies Retaliatory List Targeting US Services
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