Europe is ready to unleash a $20 billion tariff retaliation against Trump to hit a 'long list' of American goods: The European Union is readying retaliatory tariffs on around $20 billion worth of US goods coming into the bloc should talks between the two parties this week fail. -

"We hope that it doesn’t come to that and that we can a solution. If not, the EU Commission is preparing a rather long list of many of American goods. It would be around $20 billion," EU Trade Commissioner Cecilia Malmstrom told a Swedish newspaper.

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