European Union countries approved a package of retaliatory tariffs on U.S. goods that could start in August if no trade agreement is reached. The list covers more than $100 billion worth of annual U.S.

The European Union is exploring a broader set of possible counter-measures against the United States as prospects for an acceptable trade agreement with Washington fade, according to EU diplomats. An increasing number of EU members,

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 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.

The European Union is exploring a broader set of possible counter-measures against the United States as prospects for an acceptable trade agreement with Washington fade, according to EU diplomats.

The tariffs would be prepared to come into force in August but only if there is no deal. Read more at straitstimes.com. Read more at straitstimes.com.

The EU on Monday unveiled a list of US goods worth €72 billion it could target with tariffs if trade talks fail, after Trump threatened to hit EU exports with 30% duties from August 1. Brussels