"In a non-deal scenario without another delay of US tariffs, I see the EU going for a tit-for-tat approach, ie imposing 30% tariffs on selected US goods, not yet all goods, like the well-known motorcycles, cars, clothing and alcohol," he said in emailed comments.

EU chief Ursula von der Leyen said the bloc was ready to take all "necessary" steps to safeguard its economic interests, after US President Donald Trump announced that he would impose 30% tariffs on all EU goods.

The EU plans to impose 30% tariffs on €100 billion of U.S. goods as retaliation if no trade deal is reached by Aug. 1, heightening uncertainty.

The ACI was proposed in 2021 as a response to EU member criticism that the first Trump administration and China had used trade as a political tool. China had targeted Lithuania, according to Lithuanian officials, after it allowed Taiwan to set up a de facto embassy in Vilnius.

With Saturday's letters, Trump has issued tariff conditions on 24 countries and the 27-member EU, the Associated Press reported. The EU issued a response first, writing in a statement: "We take note of the letter sent by U.S. President Trump outlining a ...

The European Union has returned U.S. spirits to its proposed list of retaliatory tariffs. Here's what that could mean for Kentucky's bourbon industry.

A three-day meeting in response to President Trump’s looming tariff threat underscored differences between the leaders of Canada’s provinces and territories.

President Donald Trump told Britain to “get its act together” on illegal migration after he landed in Scotland for a four-day visit.