The European Commission plans to submit counter-tariffs on 93 billion euros ($109 billion) of U.S. goods for approval to EU members, while its trade chief will hold talks with U.S. Commerce Secretary Howard Lutnick.

European Union countries have expressed broad support for one round of 30% retaliatory tariffs if the United States does not reach a trade deal with the EU.

The European Commission is seeking the green light from EU member states to impose import tariffs on goods with a total trade volume of around €95 billion ($111. 4 billion) should talks with the United States fail.

Germany and France are pushing the European Union to prepare retaliatory tariffs against the United States unless the White House agrees to drop a fresh round of trade penalties by August 1, according to the Financial Times.

European Union envoys are set to meet as early as this week to formulate a plan for measures to respond to a possible no-deal scenario with US President Donald Trump, whose tariff negotiating position is seen to have stiffened ahead of an Aug.

The European Union is readying a sweeping €100 billion ($117 billion) package of retaliatory tariffs on American goods if President Donald Trump follows through on his threat to impose a 30% levy on most EU exports after August 1,

The European Union’s executive commission says it will put on hold for 90 days its retaliation measures against new U.S. tariffs to match President Donald Trump’s pause on his sweeping...