The EU says its negotiators are working "might and main" on a deal, but the decision rests with US President Trump.

European Union countries approved a proposal by the European Commission to potentially impose import tariffs on goods with a total trade volume of €93 billion ($109. 4 billion) if talks with the United States fail,

Italy's foreign minister warned that, while he hopes for successful negotiations, the EU will respond resolutely to Trump's latest tariff threat.

European trade ministers were hopeful for a negotiated trade deal after Trump announced 30% tariffs on the European Union.

Unlike the European Union, the Japanese government has made no indication it plans to impose any kind of reciprocal tariff on the U.S.