EU Responds to U.S. Tariffs

This is a U.S. news story, published by CNBC, that relates primarily to EU news.

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EU tariffs

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Trump tariffs

CNBC

•

Business

Business & Economics

From fashion to alcohol, these sectors are being swept up in the U.S.-EU trade war

Summary

Nutrition label

80% Informative

The EU 's retaliation to U.S. tariffs on steel and aluminum are set to hit 26 billion euros ( $28.3 billion ) worth of a range of American imports.

European consumers face higher prices on items from cars to jeans, while major industries including steel, retail and agriculture grapple with reduced competitiveness and operational cost increases as trade tensions between the White House and Brussels heat up.

EU officials have drafted a 99 -page document, seen by CNBC , listing specific American items that are under consideration.

Luxury products are directly impacted by higher tariffs between EU and U.S. because they are frequently made in Europe .

In sectors such as luxury goods and retail, the corporate impact will largely depend on the specific company and its supply chains.

There is still a possibility that tariffs are dropped, reduced or intensified.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity