The EU threatens to impose nearly €100 billion in tariffs on US imports if a trade deal isn't reached by next week. This combined list includes goods from previous retaliatory measures, targeting sectors like alcohol, poultry, cars, and planes. Tariffs could begin August 7th, pending EU member state approval. While aiming for a negotiated outcome, the EU prepares for all possibilities, including activating its anti-coercion instrument, a stronger retaliatory measure. The EU's car industry, heavily impacted by existing tariffs, supports a stronger response. However, some within the EU advocate for a slower approach, prioritizing negotiation.

Prepared by Rachel Morgan and reviewed by editorial team.