Europe is ready to unleash a $20 billion tariff retaliation against Trump to hit a 'long list' of American goods: The European Union is readying retaliatory tariffs on around $20 billion worth of US goods coming into the bloc should talks between the two parties this week fail.

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uk.businessinsider.com—"We hope that it doesn’t come to that and that we can a solution. If not, the EU Commission is preparing a rather long list of many of American goods. It would be around $20 billion," EU Trade Commissioner Cecilia Malmstrom told a Swedish newspaper.

Trump is going to slap tariffs on another $16 billion worth of Chinese goods — here's the full list of goods that will get hit. iStock; David Becker/Getty Images; Samantha Lee/Business Insider The Trump administration announced the second tranche of tariffs on Chinese goods will go into effect August 23. The tariffs will hit $16 billion worth of Chinese goods coming into the US. The goods are mostly industrial products ranging from chemicals to tractors. Here's the full list of goods that will be hit. The second tranche of President Donald Trump's tariffs on Chinese goods will go into effect August 23, according to...