(Alliance News) - The EU is preparing additional counter-tariffs on imports from the US worth EUR72 billion, EU Trade Commissioner Maros Sefcovic said on Monday, following new tariffs announced by US President Donald Trump.

The EU is still hoping to find a negotiated solution in a dispute with Washington over alleged trade imbalances and threatened tariff hikes and to avoid imposing the counter-tariffs.

Trump recently announced that he is imposing 30% tariffs on imports from the bloc as of August 1. EU trade ministers met in Brussels on Monday to discuss how to respond to the latest announcement and to prepare countermeasures.

The list, now presented to EU member states, is based on a proposal by the European Commission in May and initially covered mainly industrial and agricultural goods with an import volume of around EUR95 billion.

After consultations with capitals and industry representatives the list was amended. Sefcovic did not provide any details what goods were taken off the list.

source: dpa

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