The EU says the U.S. is resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached with U.S. by Aug. 1.

The European Union on Monday warned that the 27-country bloc is preparing potential countermeasures targeting US goods worth 72 billion euros if talks with Washington fail to produce a viable outcome.

The European Union has warned that its trade with the United States could be effectively wiped out if Washington makes good on its threat to slap a 30% tariff on goods imported from the bloc.

The EU paused planned countermeasures against the US after Trump delayed a tariff hike. But a new 30% rate has the bloc considering retaliation.

BRUSSELS - The European Union (EU) has proposed a new round of tariffs on US goods worth 72 billion euros (84 billion US dollars), amid the ongoing trade dispute between the world's largest economy and its biggest trading partner.

The European Union warns the United States of countermeasures if a trade deal isn't reached, as Trump threatens a 30% tariff on EU imports. EU ministers urge negotiation to prevent escalation but propose retaliation if necessary,

The fallout from Donald Trump's surprise announcement over the weekend of a 30 per cent tariff on goods from Mexico and the European Union continues. In response, EU trade ministers are pledging unity within the bloc,