PANews reported on July 14 that according to Jinshi, the European Commission's Commissioner for Trade and Economic Security, Šefčović, said on the 14th that if the US-EU trade negotiations fail, the EU is ready to impose additional counter-tariffs on US imports worth 72 billion euros (about 84 billion US dollars). Just as the EU and the US are working hard to reach a trade agreement, US President Trump announced on the 12th that a 30% tariff will be imposed on EU imports from August 1st. Ministers from EU member states held a meeting in Brussels on the 14th to discuss how to respond to Trump's latest statement and prepare countermeasures.