Trump Launches 301 Probe Into EU Trade Practices, Threatens Substantial Tariff
The United States has opened a Section 301 investigation into EU actions that President Trump described as “robbing” American companies, with a substantial tariff expected soon.
President Trump announced that the U.S. has launched a Section 301 investigation targeting what he called the European Union's practice of “robbing” American companies. The probe sets the stage for potential trade retaliation.
Trump warned that the EU will pay “a very big price” and that a “substantial tariff” is expected to be imposed as soon as possible. No timeline or specific sectors were detailed in the announcement.
Section 301 of the Trade Act of 1974 allows the U.S. to investigate and respond to unfair trade practices. The move risks escalating transatlantic trade tensions and may weigh on the euro in the near term.
Source: The Kobeissi Letter