The summit with the EU's heads of state and government will be held on Thursday next week, Prime Minister Ulf Kristersson confirms on SVT Agenda.
"There are fundamental values at stake and we are not ruling anything out, but we will meet this Thursday in the European Council and discuss things thoroughly. I, of course, hope for very broad agreement on this," Kristersson says on SVT.
The President of the European Council, António Costa, writes on X that member states are unanimous in their assessment that tariffs are incompatible with the EU-US trade agreement and that they would undermine transatlantic relations.
“Pure mafia methods”
A strategy for the retaliatory tariffs is now being drawn up so European leaders can refer to it in meetings with Trump during the World Economic Forum in Davos, Switzerland, next week, sources tell the FT.
The proposal for tariffs worth 93 billion euros was reportedly discussed at Sunday's meeting in Brussels, attended by ambassadors from the 27 member states, the newspaper reports.
The list of response measures was already drawn up last year, but was postponed until February 6 this year in connection with the trade agreement being negotiated.
With an unchanged deadline, the measures could therefore come into effect five days after Trump's tariffs take effect.
The tool that can be used to limit American companies' access to the EU's internal market was also reportedly on the table.
"There are clear instruments of retaliation if this continues. (Trump) is using pure mafia methods," an EU diplomat briefed on Sunday's discussions told the FT.
The sources also say they are working to find a compromise to avoid deep cracks in NATO, which would endanger European security.
Whiskey and cars
When the European Commission prepared a package of retaliatory tariffs against the United States this summer, it included American cars, aircraft and whiskey, Bloomberg reported.
The package of measures - then valued at around 72 billion euros - also included machinery products, chemicals and plastics, medical devices, electronics, wines and agricultural goods.
The package was shelved after the parties agreed on a preliminary trade agreement.
Trump's tariffs will take effect on February 1 and will be increased to 25 percent on June 1.
