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Source: Under the tough U.S. trade stance, the EU is preparing for retaliation plan

Internet reports that EU envoys will hold a meeting as early as this week to formulate countermeasures for a possible "no agreement" situation with US President Trump. Before the August 1 deadline, Trump's stance on tariff negotiations was seen to have hardened. Although the vast majority would prefer to let negotiations in Washington continue in an attempt to reach a negotiation result that resolves the deadlock before next month's deadline. But efforts have not made sustained progress since talks in Washington last week, according to people familiar with the matter. Negotiations will continue over the next two weeks. People familiar with the matter who declined to be named said that the United States now seems to want to impose tariffs of more than 10% on EU goods, with the scope of exemptions shrinking to the aviation industry, some medical equipment and generic drugs, certain alcoholic drinks, and what the United States needs. A specific type of manufacturing equipment.

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