The European Union (EU) has approved retaliatory tariffs on U.S. imports in response to the trade dispute.
The tariffs will target a range of U.S. products including almonds, orange juice, poultry, soybeans, steel, aluminum, tobacco, and yachts.
The EU remains open to negotiations with the U.S. to resolve the dispute and achieve mutually beneficial outcomes.
The U.S. tariffs on EU exports affect approximately 70% of the EU's total exports to the United States, which amounts to around 380 billion euros worth of goods.