According to TechFlow, European Commissioner Šefčović said that if the US-EU trade negotiations fail, the EU will impose additional tariffs on US goods worth 72 billion euros. Trump announced that he would impose a 30% tariff on EU imports from August 1. EU ministers discussed how to respond to Trump's latest statement at a meeting in Brussels and prepared countermeasures.
EU plans to impose retaliatory tariffs on 72 billion euros of U.S. goods
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