The European Union unveiled a revised €21 billion list of US goods facing retaliatory tariffs, down from a previous €95 billion proposal. This follows President Trump's threat of a 30% tariff on EU exports. The EU's target selection prioritizes rebalancing trade, securing alternative supply sources, and mitigating relocation risks. Member states must approve the measures, which are postponed until August 6th to allow for ongoing trade negotiations.

Prepared by Rachel Morgan and reviewed by editorial team.