European Commission President Ursula von der Leyen speaks during a press conference at the Christian Democratic Union (CDU) party's headquarters in Berlin, Germany, on June 10. The European Commission has the votes to impose retaliatory tariffs against the United States. File photo by Clemens Bilan/EPA
July 24 (UPI) -- European Union countries have expressed broad support for one round of 30% retaliatory tariffs if it doesn't reach a trade deal with the United States.
The European Commission is spearheading the plan, which would see $110 billion in U.S. products get 30% tariffs, two diplomats told POLITICO. Not all products will get the full 30%. The only member country to vote against the tariffs on Thursday morning was Hungary.
The tariffs would not take effect immediately. They will stay suspended until Aug. 7 to allow more time to negotiate a trade deal. They can also be suspended if the commission needs more time.
"The EU is focused on finding a negotiated outcome with the U.S.," trade spokesperson Olaf Gill said.
