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View all search resultsFor its part, the EU has already prepared a list of tariffs worth 21 billion euros ($24.5 billion) on US goods if the two countries fail to reach a trade deal, Italian Foreign Minister Antonio Tajani said on Monday.
The rates will "boomerang back" to the sometimes very high levels that President Donald Trump had announced on April 2 -- before he suspended the levies to allow for trade talks and set a July 9 deadline for agreements, Bessent told CNN.
Countries including Brazil and Indonesia, which have historically had among the world's highest rates of deforestation, will be labelled as "standard risk", which means they will face lighter compliance checks on goods exported to Europe.
The stance of the current US administration has awoken Europe and Europeans to an opportunity to review and revitalize our defense capabilities and do our fair share in securing our neighbors and allies, and in so doing, help improve transatlantic relations.
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