France’s minister for Europe, Benjamin Haddad, said the deal is unbalanced but would provide temporary stability, while European Commission President Ursula von der Leyen also acknowledged that 15 per cent is not to be underestimated, but it is the best the EU could get.

Discontent brews in Europe over US-EU trade deal; French PM calls it a ‘dark day’

EU states earlier on Thursday approved a package of counter-tariffs of up to 30 per cent on 93 billion euros ($109-billion) of US goods -- that would take effect from August 7 if there is no accord.

‘Deal within reach’: EU believes closer to trade agreement with US

The US president has also rejected the EU’s latest offer to reduce car tariffs, signalling he is prepared to keep duties on the sector at 25 per cent or potentially impose a blanket 30 per cent tariff on all EU imports by August 1.

Trump pushes higher tariffs on EU imports as trade talks stall

The Finance Minister of Germany Christian Lindner recently warned that if the US kicked off a trade war with the European Union (EU), there could be retaliation, as detailed in a report by CNBC.

German Finance Minister issues warning over potential US trade war

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Discontent brews in Europe over US-EU trade deal; French PM calls it a ‘dark day’

‘Deal within reach’: EU believes closer to trade agreement with US

Trump pushes higher tariffs on EU imports as trade talks stall

German Finance Minister issues warning over potential US trade war