The European Union is preparing to slap heavy commercial penalties on Boeing aircraft as part of a wider reprisal strategy if the current speaks with the failure of the White House of Donald Trump.
Brussels will offer new tasks targeting American civilian jets and other major exports, degenerating a tariff war which is already frozen from key commercial roads. The planned prices are part of a long list worth around 100 billion euros in annual American imports and will be sent to the EU member states for approval.
According to For the Financial Times, the European Commission goes forward with the new aircraft prices if the United States refuses to facilitate existing trade restrictions.
The EU executive organization still needs a weighted majority of its 27 countries to support this decision before becoming law. Two officials close to the case said the list was still being finalized and could be slightly modified before delivery.
Trump's April prices put Boeing in the European reticle
Trump introduced the last series of prices on April 2, placing a burden of 20% on almost all goods from the EU. It adjusted the rate on April 9, reducing it to 10% for 90 days to give the negotiators time to progress. But the White House has left other intact rates, including the 25% tax on European steel, cars and aluminum, which are still active.
Brussels made the calculated decision to suspend reproduction rates on 21 billion euros in American products until July 14, hoping to give diplomacy a chance.
The list included Harley-Davidson motorcycles, chicken meat and imports of textiles. But officials have warned that a new batch of penalties – including Boeing planes and potentially chemical products – take place just after the break unless an agreement is concluded before that.
The European pharmaceutical sector has also obtained a direct warning this week. Trump announced on Monday that his administration would impose new tasks on European drug exports over the next two weeks.
While most pharmaceutical actions have dropped to the news, Novo Nordisk, a large Danish company, said better than expected profits and saw its actions jump 4.4%. However, the company lowered its prospects for 2025, citing the lower demand for its drug as loss of weight Wegovy.
The Stoxx 600, the main European stock market index, fell 0.67% in the middle of the afternoon in London. The retail sector dropped by 2.3%, leading losses at all levels.
Investors are still looking at the key profile relationships of companies like BMW, Legrand, Ørsted, Pandora, Veolia, Fresenius, Siemens Healthineers, Skanska B, JD Wetherspoon, Vonovia, Delhaize and Telecom Italia.
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