EU prepares to impose counter tariffs on 72 billion euros of US goods

According to BlockBeats, on July 14th, the European Commission's commissioner in charge of trade and economic security, Shevchenko, stated that if US European trade negotiations fail, the EU is prepared to impose additional retaliatory tariffs on US imports worth 72 billion euros (approximately 84 billion US dollars). As the European Union and the United States strive to reach a trade agreement, US President Trump announced on the 12th that a 30% tariff will be imposed on EU imports starting from August 1st. EU member state ministers held a meeting in Brussels on the 14th to discuss how to respond to Trump's latest statement and prepare countermeasures. (Golden Ten)