According to Odaily Planet Daily, the EU envoy will hold a meeting as early as this week to address the contingency plans in response to the possible 'no agreement' situation with U.S. President Trump. Trump's stance on tariff negotiations has become tougher ahead of the August 1 deadline. While most prefer to continue negotiating with Washington, no sustained progress has been made since last week's talks. Negotiations will continue over the next two weeks. Sources reveal that the U.S. aims to impose tariffs higher than 10% on EU goods, with exemptions narrowed down to the aviation industry, certain medical devices and generics, several alcoholic beverages, and specific manufacturing equipment.