Trump's latest tariff threat raises stakes for EU ahead of August deadline
“When you reach 30%, you reach a level that’s prohibitive for a lot of trade,” Aslak Berg, a research fellow at the Centre for European Reform, told The Parliament. He argued that, while some transatlantic commercial ties could be maintained, the impact would be so dramatic that the EU wouldn’t see much of a difference between 30% and an even higher levy.
“At that point, you might as well think that you have to retaliate,” he added.