EU presents new list of counter-tariffs

At the same time, Šefčovič warned that the implementation of Trump's plans would have drastic effects on transatlantic trade. "Let's be honest: a tariff of 30 percent would amount to a de facto trade ban," he said. If tariffs of 30 percent or more were to come into force, significant negative effects on both sides of the Atlantic would be expected.

Negotiations until the end of the month

The EU Trade Commissioner emphasized that he would continue the dialogue with the US to reach a negotiated solution by August 1. This is the date on which Trump announced the entry into force of a 30 percent tariff on imports from the EU.