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Group 1 - The EU is preparing a list of potential tariffs and export control measures against the US services sector as a retaliatory action following failed trade negotiations [2][3] - The EU Commission is compiling this list in response to President Trump's announcement of a 30% tariff on EU goods starting August 1 [3] - The proposed measures will target not only US tech companies but also include additional actions beyond the existing proposal against $720 billion worth of US imports, which includes tariffs on Boeing aircraft, cars, and bourbon whiskey [3] Group 2 - Barclays economists estimate that if the average tariff rate on EU goods reaches 35%, combined with a 10% retaliatory tariff from Brussels, it could reduce Eurozone output by 0.7 percentage points [4] - This reduction could deplete much of the already limited growth in the Eurozone and may lead the European Central Bank to further lower its deposit rate from the current 2% [4] - A previous estimate from the German Economic Institute suggested that tariffs of 20% to 50% could result in economic losses exceeding €200 billion for Germany by 2028 [4]