MILAN (Reuters) -The European Union has already prepared a list of tariffs worth 21 billion euros ($24.52 billion) on U.S. goods if the two sides fail to reach a trade deal, Italy's Foreign Minister Antonio Tajani said in a newspaper interview on Monday. President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the EU starting on Aug. 1, after weeks of negotiations with major U.S. trading partners failed to reach a comprehensive deal. Tajani also told daily Il Messaggero that to help the euro zone economy the European Central Bank should consider a new "quantitative easing" bond-buying-programme, and more interest rate cuts.
    • x00z@lemmy.worldEnglish
      71·
      1 day ago

      Tariffs are what Europeans would pay extra for American products.

      • crank0271@lemmy.worldEnglish
        5·
        1 day ago

        Ah, well, sorry, I’m not the president or anything. I don’t know how these things work. (I’m an idiot - thanks for the correction.)

        • rustyfish@lemmy.worldEnglish
          4·
          1 day ago

          Too late. I read the word “cheese” and immediately told my mother-in-law to send us another kilo Parmigiano Reggiano.

          You should be more careful with other people’s MK Ultra activation codes.

      • krashmo@lemmy.world
        2·
        1 day ago

        The EU imposed tariffs would be paid by Europeans but they are in response to proposed blanket 30% tariffs imposed by the US so those wines and cheeses will still be more expensive.