The Globalist The EU prepares to hit back at US tariffs
Apr 8, 2025
Yossi Mecklberg, a Senior Consulting Fellow at Chatham House, joins Julia Lassica and Nick Moniz from Monocle to discuss Europe's robust response to US tariffs, including potential digital taxes. They dive into the diplomatic tension brewing on the Haiti-Dominican Republic border and the fierce competition between Amazon's Project Kuiper and Elon Musk's Starlink in the satellite industry. Also highlighted are the fascinating trends from the Interpets pet-lifestyle trade fair and the vibrant design showcases from Milan's Salone del Mobile.
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EU's Trade Strategy
- The EU seeks to avoid a trade war with the US, prioritizing negotiations and a zero-duty offer.
- However, the EU recognizes the potential need for retaliation, with US tech giants as a key factor.
EU-US Tech Relationship
- European citizens heavily use dominant US tech services like Amazon, Apple, and Google.
- European regulators have been increasingly concerned about these companies abusing their market positions to stifle competition.
EU's Retaliation Strategy
- The EU's initial focus is on a zero-for-zero tariff proposal for industrial goods, not tech.
- They're holding back on targeting tech giants as a potential later strategy.