#BTCvsETH EU on guard, ready to retaliate strongly against US tariffs

The EU is expected to meet internally this week to develop a response plan in case trade talks with President Trump fail.

The August 1 deadline is approaching and the US is threatening to impose 30% tariffs on most goods from the EU - affecting nearly 70% of the bloc's total exports to the US.

The EU has prepared a 93 billion euro response, including tariffs targeting goods from politically sensitive US states and restrictions on US companies in Europe.

Member states are even calling for the activation of the Anti-Coercion Mechanism (ACI) if talks break down, allowing the EU to retaliate with new taxes on major US tech companies and restrict US access to the EU market.