The European Commission has said it was putting forward a new list of US goods worth €72 billion that could be targeted by EU levies if tariff talks with Washington fail.

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Denmark launched its presidency of the European Union on Thursday with a call for Europe to unite to take on war in Ukraine and chaos caused by U.S. President Donald Trump's global tariff hike which are likely to mark the Nordic country's six-month term at the helm of the world's biggest trading bloc.

Following Elon Musk's announcement that he plans to create a third political party called the "America Party" in response to Trump's tax-cut and spending bill, Treasury Secretary Scott Bessent shaded the billionaire and former head of DOGE about his efforts.

July 12 (Reuters) - The European Union said on Saturday it was ready to retaliate to defend its interests if the United States pressed ahead with imposing a 30% tariff on European goods from August 1.

European Union member states find US President Donald Trump’s 30% tariff threat “absolutely unacceptable”, Danish Foreign Minister Lars Lokke Rasmussen said on Monday during a joint press conference with EU’s Trade Chief Maros Sefcovic in Brussels.

Denmark has praised the European Commission’s strategy for negotiating a tariff deal with US President Donald Trump as the deadline to stave off a full blown trade war draws closer.