ROME, July 14 (Xinhua) -- Italian Foreign Minister Antonio Tajani said Monday the European Union (EU) is prepared to impose billions of euros in retaliatory tariffs on U.S. goods should ongoing trade negotiations between the two sides fail to produce an agreement.
In an interview published Monday by Italian daily Il Messaggero, Tajani emphasized that while the EU has the tools to defend its economic interests, dialogue remains the preferred path forward. "Tariffs hurt every side, including the U.S.," he said. "If the stock market falls, that puts the pensions and savings of Americans at risk."
