EU prepares 100 billion euro "no deal" plan to deal with 30% US tariffs

July 23 news, according to foreign media reports, if the negotiations break down and US President Trump fulfills his threat to impose a 30% tariff on most EU exports after August 1, the EU plans to quickly impose a 30% tariff on US products worth about 100.00 billion euros (about 117.00 billion US dollars). A spokesman for the European Commission said on Wednesday that as part of the first wave of countermeasures, the EU will combine the already approved tariff list for 21.00 billion euros of US goods and the previously proposed tariff list for another 72.00 billion euros of US products into a package. According to people familiar with the matter, US exports, including Boeing aircraft, US-made cars and industrial products such as bourbon whiskey, will face tariffs matching Trump's threat of 30%. These people said that the tariffs will be ready to take effect next month, but only if the negotiations break down and the United States implements its tax measures after the August deadline. An unnamed government official said that in the absence of an agreement, Berlin is even willing to support the activation of the EU's "anti-coercion tool" (ACI). This tool will only be activated if an agreement cannot be reached. [PANews]