EU trade ministers have agreed that US President Donald Trump's announcement of 30 per cent tariffs on the European Union was "absolutely unacceptable", and they are studying a new set of countermeasures to respond to the move.

Discover how Trump’s EU tariffs could be a boon for UK exporters amid rising US-EU uncertainties and changing trade dynamics.

EU Trade Commissioner Maroš Šefčovič has said the US President's threat to impose a 30% tariff on European goods would 'virtually ban' transatlantic trade.The

EU trade chief Maros Sefcovic is set to discuss tariffs in Washington with U.S. officials. Trump threatens a 30% tariff on EU imports starting August 1. In response, the EU has prepared a counter-tariff list worth 72 billion euros.

The Government has come up short in its efforts to convince the European Commission not to target US bourbon, Boeing aircraft and agricultural produce in potential retaliatory tariffs.

Trump is pushing for 15–20 per cent tariffs on EU imports, rejecting recent offers. Talks stall ahead of the August 1 deadline, as both sides prepare countermeasures, raising fears of a potential trade war.

The European Union has released a list of countermeasures it may take if President Trump's 30% tariff goes into effect on August 1. Yahoo Finance Senior Autos Reporter Pras Subramanian reports on which companies will be impacted,

The EU has issued countermeasures worth 72 billion euros against U.S. imports to mitigate U.S. tariffs. The bloc targets Boeing aircraft, automobiles, and bourbon. The EU also requires its 27 nations to give their approval before the adoption of the list.