This is their supposed safety net in case negotiations go awry in the coming days before the 1 August deadline. They’ve consolidated the counter-tariffs into a single list now, and that totals up to be €93 billion. And these will be part of their retaliation if the US steps up tariffs against the EU in the event both sides fail to find a deal before the deadline.
This article was written by Justin Low at investinglive.com.