Hua Er Jie Jian Wen·2025-06-25 09:44Core Points - The European Union (EU) plans to impose retaliatory tariffs on U.S. imports, including Boeing aircraft, if President Trump implements baseline tariffs on EU goods as expected [1][3] - EU officials anticipate that even if a trade agreement is reached, some tariffs will remain in place [1] - The EU has prepared a large-scale retaliation list, including tariffs on $210 billion worth of U.S. goods and an additional list targeting $950 billion worth of products [6] Group 1: Trade Negotiations - The EU has accused the U.S. of demanding unfair terms in trade negotiations, which could lead to an inequitable agreement [2] - The EU is striving for a mutually beneficial agreement and will assess any final outcomes to determine acceptable levels of asymmetry [2] - Any decision on retaliatory measures will require coordination and consent from EU member states [2] Group 2: Industry Impact - The civil aviation industry, particularly Airbus and Boeing, is highlighted as a key sector affected by potential tariffs [3] - Airbus is concerned about facing unfair competition from Boeing due to the proposed additional 10% tariffs [3] - The EU's retaliation could significantly impact U.S. exports, especially in politically sensitive sectors such as motorcycles and whiskey [6] Group 3: Political Statements - German Chancellor Friedrich Merz expressed hope for a resolution with the U.S. by early July, but emphasized that the EU is prepared to defend its interests if negotiations fail [7] - There is a prevailing sentiment among Europeans that even a successful negotiation may only result in a preliminary agreement, allowing discussions to continue beyond the July 9 deadline [7]