Daily Tax Report: State

EU’s Hogan Sees ‘Turbulent’ Period Ahead on U.S.-EU Trade Front

June 30, 2020, 11:02 AM

European Trade Commissioner Phil Hogan said he expects the transatlantic trade relationship will hit a rough patch that could soon result in higher tariffs on U.S. and European goods.

“Judging by the signals coming out of the United States administration in recent days I think we could have a turbulent period ahead in the context of the U.S. election,” Hogan said Tuesday during a webinar in Brussels. “I don’t see good positive signals from President Trump in recent days about threatening more tariffs on European products.”

Last week the U.S. floated the idea of imposing new tariffs on $3.1 billion...

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