The European Union is preparing to activate a long dormant package of retaliatory tariffs on American products, with implementation penciled in for Feb. 7 if diplomacy fails. The move would escalate a fast moving confrontation with Washington over Greenland policy and trade leverage,

U.S. customs authorities will face a real challenge if President Donald Trump goes through with his threat to place tariffs on six EU countries - rather than the whole European Union - given the ease of movement of goods between EU members.

The European Union is in talks to potentially impose tariffs on €93 billion ($108 billion) of US goods if President Donald Trump follows through on his threat to hit European countries with a 10% levy on Feb.

Boeing aircraft, bourbon, motorcycles and soyabeans among targeted products if Donald Trump makes good on his threats

Due to extensive cross-border supply chains, it will be tough to establish the origins of the goods Read more at The Business Times.