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EU Reportedly Plans to Target US Tech Firms as Countermeasure to Car Tariffs
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The European Union is weighing to target U.S. service exports, potentially involving big tech companies, in response to the U.S. imposing a 25% tariff on imported cars, Financial Times, citing an EU diplomat, reported. The EU diplomat stated that while the U.S. believes it holds the upper hand in escalating the trade war, the EU also has the capability to do so. The diplomat emphasized that the EU’s ultimate goal is to de-fuse tensions and reach a comprehensive trade agreement, suggesting that targeting the U.S. services sector could force the U.S. to return to the negotiating table. AAStocks Financial News |
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