The European Union is negotiating expanded trade deals with countries in response to threatened US tariffs.

The EU is preparing to expand its trade commitments with countries such as Japan and Canada in the wake of Donald Trump's threats of 30% tariffs. EU Competition Commissioner Teresa Ribera emphasized the importance of agreements with India and other Asia-Pacific countries. In addition, the EU has suspended retaliatory measures against the US until August 1, but is preparing €21 billion in tariffs in response, while economists warn that the tariffs could negatively affect the eurozone economy.