The range of U.S. tariffs announced last week by President Donald Trump is hitting 380 billion euros, or about US$416 billion, worth of EU exports to the United States, EU trade commissioner, Maros Sefcovic, told reporters on Monday (April 7). - REUTERS
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00:00A range of tariffs is hitting a significant portion of EU exports. In fact, 380 billion
00:09euros worth of EU exports to the US. So we are talking here some 70% of our total exports
00:17are facing tariffs of 20% or 25% or even higher, while the EU remains open to and strongly
00:27prefers negotiations. We will not wait endlessly. We are not in a business to going let's say
00:35cent for cent or tit for tat or dollar for dollar, but we of course would consider what
00:42are all the other instruments which we have on the table. But at the same time, until
00:49now, despite of efforts and opening, we haven't seen the real engagement which would lead
00:55to the mutually acceptable solution, because it has to be fair for both sides.