The European Commission, executive arm of the European Union, has announced it has taken two major steps toward preparing countermeasures if the bloc and the Trump administration do not reach

The European Commission opened a public consultation on Thursday on products which could be hit by its new counter-measures to U.S. tariffs should negotiations with Washington fail.

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.