Separately, the European Commission, the bloc’s executive arm that handles trade matters, is expected to share a paper with the US this week to try to kick-start the negotiations, Bloomberg reported earlier. Proposals from the EU are expected to include lowering trade and non-tariff barriers and boosting investments in the US.
The European Union plans to hit about EUR100 billion ($146.10 billion) in US goods with additional tariffs in the event ongoing trade talks fail to yield a satisfactory result for the bloc, according to people familiar with the matter.
The proposed retaliatory measures will be shared with member states as early as Wednesday and consultations will last for a month before the list is finalized, said the people, who spoke on the condition of anonymity because the plans are private. The list could change in that time.
