The European Union is planning to counter President Donald Trump’s efforts to lure companies to the US by easing the bloc’s regulatory burden on sectors from autos to chemicals to aeronautics.

Disappointing negotiations concerning the customs duties imposed by the President of the United States on European products? The response will be significant: a tax on €95 billion worth of American imports,

The European Union has prepared a list of American goods that may be subject to new tariffs in response to the tariff policy of US President Donald Trump, according to Politico. On Thursday, the European Commission proposed countermeasures against US tariffs on nearly 100 billion euros of American imports.