The European Union has prepared a €72 billion ($84 billion) retaliatory tariff list targeting US goods like Boeing aircraft, autos, and bourbon, in response to President Trump's potential 30% levy on EU imports. This action is contingent on a failure to reach a mutually beneficial trade agreement by August 1st. EU trade chief Sefcovic is engaging in talks with US Commerce Secretary Lutnick to seek a resolution.

Prepared by Rachel Morgan and reviewed by editorial team.