If negotiations fail, the EU will impose tariffs on 100 billion euros of US goods

According to informed sources, if the ongoing trade negotiations fail to produce results satisfactory to the EU, the EU plans to impose additional tariffs on approximately 100 billion euros (equivalent to 113 billion dollars) of American goods. The informed sources said that the proposed retaliatory measures will be shared with member states as early as Wednesday, with consultations lasting a month before the list is finalized. Earlier media reports indicated that the European Commission is expected to share a document with the United States this week in an attempt to initiate negotiations. The EU's proposal is expected to include reducing trade and non-tariff barriers, as well as increasing investment in the United States. Negotiations between the EU and the United States officially began last month, but progress has been minimal, and most of the U.S. tariffs are expected to remain unchanged. The EU stated on Tuesday that the ongoing trade investigation by Trump will increase the amount of goods subject to tariffs to 549 billion euros.