The European Commission plans to submit counter-tariffs on 93 billion euros ($109 billion) of U.S. goods for approval to EU members, while its trade chief will hold talks with U.S. Commerce Secretary Howard Lutnick.

Germany and France are pushing the European Union to prepare retaliatory tariffs against the United States unless the White House agrees to drop a fresh round of trade penalties by August 1, according to the Financial Times.

The EU now has a freshly compiled list of €72bn worth of American imports to target with retaliatory tariffs, sitting alongside an already announced €21.5bn salvo in response to Mr Trump’s earlier steel and auto levies.