A DEAL BETWEEN the US and EU to prevent the implementation of tariffs on European goods exported to America is “possible”, President Donald Trump has said. Negotiators are under renewed pressure to strike a deal after Trump last week threatened a 30% tariff would be in place for the EU if a new trade agreement was not reached by 1 August.

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.

EU trade ministers have agreed that U.S. President Donald Trump’s 30% tariffs announced on the European Union are “absolutely unacceptable,” and they are studying a new set of countermeasures to respond to the move.