The European Commission said on Thursday a negotiated trade solution with the United States is within reach - while EU members voted to approve counter-tariffs on 93 billion euros ($109 billion) of U.

The EU and US are nearing a deal to impose 15% tariffs on most EU exports, but Brussels is preparing €93bn in countermeasures if Trump rejects the agreement.

Brussels prepares to strike back with up to 30% levies on US goods and services starting August 7 if no deal is reached, responding to US President Donald Trump's tariff threats.