The European Union accuses the United States of resisting trade talks and threatens countermeasures if President Trump imposes 30% tariffs on EU exports starting August 1. Trump remains open to negotiations and EU officials plan to visit Washington for talks. The EU readies €21 billion in counter-tariffs, while Trump proposes duties on EU and Mexican imports. European auto and alcohol stocks decline as leaders work on a unified response in Brussels. South Korea and Mexico rush to secure trade deals before August 1 to avoid tariffs. EU and U.S. efforts aim to prevent a damaging trade escalation.

Read more at Quiver Quantitative: EU Threatens $25B Counter-Tariffs as Trump Eyes 30% Duties