EU prepares retaliatory tariffs on US goods amid trade dispute

The European Union has agreed on a multi-billion pound list of potential retaliatory tariffs of up to 30 percent in the trade dispute with the US. If negotiations fail, countermeasures could quickly be imposed on US exports to the EU worth more than 90 billion euros. The Deutsche Presse-Agentur learned this from EU sources. The retaliatory tariffs are to come into force on August 7, should there be no negotiated solution by then.