EU Prepares Retaliatory Tariffs Against US

The European Union is preparing retaliatory tariffs against the United States in response to President Trump's proposed tariffs on EU goods. EU officials have been working on a plan to impose levies on over $84 billion worth of American imports, including Boeing airplanes and Kentucky bourbon. While the EU prefers negotiation, they are determined to respond forcefully if necessary. The EU's delay in imposing the tariffs reflects a desire for further talks and a hope to avoid a trade war. The EU suspended previous retaliatory tariffs in April after President Trump paused some tariffs, but Trump's recent announcement of 30% tariffs on EU goods has renewed the EU's commitment to retaliate. The final list of targeted goods was sent to member states on Monday.