The trade war between the U.S. and Europe is intensifying.
Donald Trump proposes imposing a 30% tariff on European products. This was reported by The Wall Street Journal.
Negotiations have reached a dead end. If no agreement is reached by August 1st, the tariffs will take effect.
Europe is preparing a retaliatory strike. A German official warned: "If they want a war—we will fight."
The Wall Street Journal describes this situation as the beginning of the next trade conflict.
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