According to online reports, according to people familiar with the matter, the EU plans to impose additional tariffs on approximately 100 billion euros (US$113 billion) of U.S. goods if ongoing trade negotiations fail to produce results satisfactory to the EU. People familiar with the matter said the proposed retaliatory measures would be shared with member states as early as Wednesday, and consultations would last for a month before the list was finalized. Earlier media reports said that the European Commission is expected to share a document with the United States this week in an attempt to start negotiations. The EU's proposals are expected to include lowering trade and non-tariff barriers, as well as increasing investment in the United States. Negotiations between the EU and the United States formally began last month, but have made little progress and most U.S. tariffs are expected to remain unchanged. The EU said on Tuesday that Trump's ongoing trade investigation will increase the amount of goods facing tariffs in the EU to 549 billion euros.