The European Union’s trade agreement with the Trump administration is getting mixed reviews. Failing to reach a deal by the Aug. 1 deadline would have meant a 30% tariff threatened by U.S. President Donald Trump,

President Donald Trump headed into high-stakes talks Sunday with a top European official demanding fairer trade with the 27-member European Union and threatening steep tariffs to achieve that, while insisting the United States will not go below 15% import taxes.

The European Union is readying a sweeping €100 billion ($117 billion) package of retaliatory tariffs on American goods if President Donald Trump follows through on his threat to impose a 30% levy on most EU exports after August 1,

The European Union is exploring a broader set of possible counter-measures against the United States as prospects for an acceptable trade agreement with Washington fade, according to EU diplomats.

Since the beginning of July, the United States has issued another flurry of tariff announcements, revising the sweeping plan announced on April 2. Back then, President Donald Trump and his administration threatened to apply so-called “reciprocal” tariffs of up to 50% against many trading partners,