The European Union is considering new measures to target US services exports, including steps that could hit Big Tech companies, SİA informs via Mitrade.
The bloc’s decision comes after Washington slapped a 25 percent tariff on the car industry and hinted at further measures next week.
One EU diplomat told FT, “The Americans think that they are the ones with escalation dominance [in the trade war], but we also have the ability to do that,” stressing that the ultimate goal is to de-escalate tensions and reach a comprehensive trade deal.
Officials believe that by targeting services where the US shows vulnerability, they can force Washington to come to the negotiating table.
Brussels had already responded by imposing extra duties on up to €26 billion of US goods following tariffs on steel and aluminum.
However, European officials say the scale of the Trump administration’s actions has forced the EU to consider using even more powerful trade tools.
A potential fightback might involve restrictions on the intellectual property rights of major tech companies. This could include a ban on Elon Musk’s Starlink satellite network from winning government contracts.
In fact, Italy is already rethinking its plans to acquire the system. “Services is where the US is vulnerable,” said a second diplomat. Moreover, Washington ran a €109 billion trade surplus with the EU in services in 2023, compared with a €157 billion deficit in goods.
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