The European Commission is working on a plan that could be ready as early as next week to counter President Trump’s auto export levies and a 20% tariff on goods from the bloc, a spokesperson said.

The European Commission proposed counter-tariffs of 25% on a range of U.S. goods on Monday in response to President Donald Trump's tariffs on steel and aluminium, a document seen by Reuters showed. The tariffs on some goods will take effect May 16 and others later in the year,