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.

Trade negotiations between Washington and Brussels are continuing ahead of an August 1 deadline, when US President Donald Trump has vowed to impose 30 percent tariffs on nearly all goods imported from the European Union.

The European Union (EU) is considering broader countermeasures against the United States as trade tensions rise. President Donald Trump's threat of imposing significant tariffs has sparked a strong reaction from European leaders.

U.S. President Donald Trump has now set his sights on trade negotiations with the European Union, after announcing a framework agreement with Japan. "We have Europe coming in tomorrow, and the next day, we have some other ones coming in," Trump said late on Tuesday, without specifying details.

European shares rose on Wednesday, led by automobiles, after U.S. President Donald Trump revived hopes for a trade deal with the EU following an agreement with Japan.

As the two biggest economic targets in Donald Trump’s trade war, some analysts thought the European Union and China could move closer together and stake out common ground.

Stock markets diverged on Monday, as traders in the United States and Asia focused on upbeat corporate news but those in Europe braced for US President Donald Trump's August 1

The European Union has voiced deep concern over Ukraine's recent moves against the National Anti-Corruption Bureau (NABU) and the Specialised Anti-Corruption Prosecutor's Office (SAPO), sternly reminding that its financial backing hinges on unwavering progress in democratic governance.

Germany's foreign minister said a law targeting the independence of anti-corruption agencies will make it harder for Ukraine to join the EU. The law triggered demos against the Ukrainian government. DW has more.