EUR News
LAST UPDATE: July 24, 2025
EU backs potential counter-tariffs on 93 billion euros of US goods
EU member states approved preparatory measures for counter-tariffs on €93 billion worth of U.S. goods, to be enacted if U.S.–EU trade talks fail.
Insight
The move shows strategic readiness and pressure on U.S. negotiators, leveraging defensive posturing while still aiming for a negotiated trade outcome.
White House says discussion of 15% tariff deal with EU is speculation
The White House dismissed reports of a planned deal to impose a 15% U.S. tariff on EU goods, calling such talk speculative and premature.
Insight
The clarification injects uncertainty into ongoing trade negotiations, signaling U.S. reluctance to anchor public expectations prematurely.
Hungary’s GKI Business Confidence Index Plunges to Five-Year Low
Hungary’s GKI business confidence index dropped sharply to its weakest level in five years, driven by economic slowdown and regional instability.
Insight
The slump indicates growing domestic pessimism that could constrain private investment and reflect broader Central European economic vulnerabilities.
