EU trade commissioner Maroš Šefčovič Maroš Šefčovič stated that the introduction of 30% tariffs on European imports would actually destroy transatlantic trade, The Guardian reports. The European Union is warning of the risk of a complete freeze in trade with the United States due to a new initiative by Donald Trump.

The EU on Monday moved to firm up possible retaliation if US President Donald Trump hits the bloc with 30-percent tariffs, while insisting it was still looking to clinch a

The EU still hopes to strike a deal with the United States despite President Donald Trump's ramped-up threat of 30-percent tariffs, the bloc's trade chief said Monday, with pressure on Brussels to toughen its stance.