According to people familiar with the matter, if the ongoing trade negotiations fail to produce a satisfactory outcome for the EU, the EU plans to impose additional tariffs on about 100 billion euros of US goods. People familiar with the matter said that the proposed retaliation measures will be shared with member states as early as Wednesday, and discussions will continue for a month before finalizing the list. Earlier, media reports said that the European Commission is expected to share a document with the US this week in an attempt to start negotiations. The EU's proposals are expected to include lowering trade and non-tariff barriers, as well as increasing investment in the US. Negotiations between the EU and the US officially began last month, but little progress has been made, and it is expected that most of the US tariffs will remain unchanged. The EU said on Tuesday that Trump's ongoing trade investigation would increase the amount of goods facing tariffs in the EU to 549 billion euros.

According to people familiar with the matter, if the ongoing trade negotiations fail to produce a satisfactory outcome for the EU, the EU plans to impose additional tariffs on about 100 billion euros of US goods. People familiar with the matter said that the proposed retaliation measures will be shared with member states as early as Wednesday, and discussions will continue for a month before finalizing the list. Earlier, media reports said that the European Commission is expected to share a document with the US this week in an attempt to start negotiations. The EU's proposals are expected to include lowering trade and non-tariff barriers, as well as increasing investment in the US. Negotiations between the EU and the US officially began last month, but little progress has been made, and it is expected that most of the US tariffs will remain unchanged. The EU said on Tuesday that Trump's ongoing trade investigation would increase the amount of goods facing tariffs in the EU to 549 billion euros.