EU Prepares for No-Deal Trade War with US | JQJO

The EU is preparing for a potential no-deal trade scenario with the US, with retaliatory tariffs set to take effect soon. A major package of counter-tariffs targeting various goods, potentially reaching 30%, has been approved by EU lawmakers. While talks of a deal involving a 15% tariff on EU imports are ongoing, the outcome hinges on US President Trump's decisions. Analysts predict a tit-for-tat response from the EU if a deal isn't reached before the August 1st deadline.