Pakistan, July 14 -- The European Union has warned it will impose tariffs on $84 billion worth of US goods if trade talks with Washington fail. This follows US President Donald Trump's threat to slap 30% tariffs on EU exports if no deal is reached by August 1.

EU Trade Commissioner Maros Sefcovic made the announcement in Brussels during a meeting with EU trade ministers. He said the EU had drawn up a list covering 72 billion euros ($84 billion) of US imports that could face duties. The move reflects the bloc's growing frustration after months of stalled negotiations.

Despite the tensions, EU ministers expressed their strong desire to avoid a trade war. They said the focus remains on securing a fair agreement before the deadline. Denmark...