EU plans to impose new service tariffs and export controls on US as a means of retaliation after trade talks break down

On July 17, according to the Financial Times, two officials familiar with the negotiations said that if trade talks with the United States break down, the European Union is preparing a potential tariff list and export control measures targeting U.S. services as one of the possible retaliatory measures. The European Commission is drafting this list of measures to respond to Trump's tariff policies, and the list still needs to be submitted to EU countries. In addition, EU countries have been discussing a retaliation proposal for U.S. imports worth 720 billion euros (including additional tariffs on Boeing aircraft, automobiles, and bourbon whiskey), and the newly drafted list will further supplement this proposal.