EU warns its trade with US could be effectively wiped out if Trump follows through on tariff threat

The European Union has warned that its commercialized with the United States could beryllium efficaciously wiped retired if Washington makes bully connected its menace to slap a 30% tariff connected goods imported from the bloc. A tariff of “30%, oregon thing supra 30%… has much oregon little the aforesaid effect. So, practically it prohibits the trade,” Maroš Šefčovič, the EU’s commercialized commissioner, said arsenic helium arrived up of an EU ministerial gathering successful Brussels connected Monday. The EU is said to beryllium seeking a preliminary statement with the US that would let it to fastener successful a 10% tariff complaint beyond an Aug. 1 deadline. Šefčovič said it volition “be astir impossible” for the bloc to proceed its existent level of commercialized with America if that caller tariff complaint is implemented connected August 1 – the day stipulated by US President Donald Trump successful his missive to the EU connected Saturday. #CNN #News