The ongoing trade conflict between the United States and the European Union (EU) intensifies as President Trump threatens to impose a 30% tariff on goods from the EU and Mexico. This move raises alarms among European businesses, who are facing uncertainty in trade relations. The EU is contemplating its response, with potential retaliatory tariffs amounting to $24.5 billion on U.S. products. While companies in Europe remain frozen amid tariff speculation, leaders are urging a coordinated effort within the G7 to mitigate the impending economic fallout. As negotiations unfold, the EU is delaying retaliatory actions in hopes of reaching an agreement with the U.S. before the August deadline. The current crisis is dividing the EU while the pressure mounts for both sides to navigate a path toward resolution.