EU prepares to impose retaliatory tariffs on 72 billion euros of U.S. goods

PANews reported on July 14 that according to Jinshi, the European Commission's Commissioner for Trade and Economic Security, Šefčović, said on the 14th that if the US-EU trade negotiations fail, the EU is ready to impose additional counter-tariffs on US imports worth 72 billion euros (about 84 billion US dollars). Just as the EU and the US are working hard to reach a trade agreement, US President Trump announced on the 12th that a 30% tariff will be imposed on EU imports from August 1st. Ministers from EU member states held a meeting in Brussels on the 14th to discuss how to respond to Trump's latest statement and prepare countermeasures.