PANews, July 14 - According to Jin Ten reports, the European Commissioner for Trade and Economic Security, Phil Hogan, stated on the 14th that if the US-EU trade talks fail, the EU is prepared to impose additional counter-tariffs on US imports valued at 72 billion euros (approximately 84 billion dollars). Just as the EU and the US are striving to reach a trade agreement, US President Trump announced on the 12th that starting August 1, a 30% tariff will be imposed on EU imports. EU member state ministers held a meeting in Brussels on the 14th to discuss how to respond to Trump's latest statement and prepare countermeasures.