EU Faces July 9 Deadline: Will They Slash Tariffs or Brace for U.S. Trade War?

Trade tensions reach boiling point as Europe weighs its options.

Will Brussels cave to American pressure—or double down on protectionism?

Behind closed doors: The billion-dollar calculus of tariffs.

One thing's certain: Someone's profits are getting 'adjusted'—just not the bankers'.

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That contrasts with prior reports that claimed the EU was preparing to step up its retaliatory tariff strategy, which included higher duties on Boeing (BA) aircraft and $110 billion of U.S. goods. It’s also possible the EU had a change of heart amid a Thursday dinner meeting with European Commission President Ursula von der Leyen and other leaders.

The EU is also considering slashing non-tariff countermeasures and bulking up imports of U.S. products, like liquefied natural gas.