Source: EU prepares retaliatory plan amid tough US trade stance

Odaily Planet Daily News According to foreign media reports, EU envoys will meet as early as this week to develop a countermeasure plan for a possible "no deal" situation with US President Trump. Ahead of the August 1 deadline, Trump's tariff negotiation stance is seen as having hardened. Although the vast majority prefer to keep negotiations with Washington going in the hope of reaching a negotiation result that resolves the deadlock before next month's deadline. But according to people familiar with the matter, the efforts of all parties have not made sustained progress since the talks in Washington last week. Negotiations will continue in the next two weeks. People familiar with the matter who asked not to be named revealed that the United States now seems to want to impose tariffs higher than 10% on EU goods, with the scope of exemptions narrowing, limited to the aviation industry, some medical equipment and generic drugs, several alcoholic beverages, and a specific type of manufacturing equipment needed by the United States.