The levies, which are scheduled to take effect Aug. 1, would dramatically escalate U.S. tariff policy and threaten to hike prices for everyday goods ranging from coffee to shoes. Trump delayed the so-called "reciprocal tariffs" in April,

The U.S. does not appear to be letting up on the Aug. 1 deadline for higher tariffs on the European Union. The bloc, meanwhile, is scrambling to reach an agreement with the U.S. The EU has also suggested that it is preparing countermeasures it could impose if no framework is agreed He did signal that talks could continue after this date,

Trade negotiations between Washington and Brussels are continuing ahead of an August 1 deadline, when US President Donald Trump has vowed to impose 30 percent tariffs on nearly all goods imported from the European Union.