The European Union plans to quickly hit the US with 30% tariffs on some €100 billion ($117 billion) worth of goods in the event of no deal and if US President Donald Trump carries through with his threat to impose that rate on most of the bloc’s exports after Aug.

U.S. Commerce Secretary Howard Lutnick over the weekend warned that the deadline for a baseline 30% tariff is fixed. The bloc, meanwhile, is scrambling to reach an agreement with the U.S. Arnaud Girod,

The European Union is exploring a broader set of possible counter-measures against the United States as prospects for an acceptable trade agreement with Washington fade, according to EU diplomats.