European officials have moved forward with their response to the tariffs imposed by the Trump administration, approving a set of retaliatory tariffs aimed at US goods worth over €21 billion. This significant decision comes amid escalating trade tensions, with the EU adopting a balanced approach to countermeasures while also considering negotiations. Although there are hopes for a potential deal to alleviate the situation, the EU remains prepared for an extended tariff battle. The retaliatory measures are designed to minimize the economic impact on Europe while effectively responding to US actions.