EU has prepared €21bn tariffs on US goods if trade deal falters

Italy's foreign minister and former European Parliament president Antonio Tajani said tariffs package could be followed by a second set if deal proves impossible

The European Union has already prepared a list of tariffs worth €21bn on US goods if the two countries fail to reach a trade deal, Italy's foreign minister Antonio Tajani said in a newspaper interview on Monday. Picture: AP Photo/Jean-Francois Badias

The European Union has already prepared a list of tariffs worth €21bn on US goods if the two countries fail to reach a trade deal, Italy's foreign minister Antonio Tajani said in a newspaper interview on Monday.

US president Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the EU starting on August 1, after weeks of negotiations with major trading partners failed to reach a comprehensive deal.