Aircraft, machinery, cars, chemicals and medical devices are the leading big-ticket items on the latest list of U.S. goods the European Commission has proposed to impose tariffs on if talks with Washington do not yield an agreement on trade.

LONDON (Reuters) -U.S. President Donald Trump said he believed Britain would fight to defend the United States but suggested he could not say the same for the European Union, a factor in his decision not to sign a trade deal with the bloc.

President Donald Trump has announced he’s levying tariffs of 30% against the European Union and Mexico starting Aug. 1.

The European Council said in a statement on Tuesday it had imposed sanctions on eight people and one entity from Iran over "serious human rights violations" and "transnational repression".

President Donald Trump expanded his tariff threats over the weekend, calling for 30% levies on two of America’s largest trading partners: the European Union and Mexico.

Brussels is to unveil a new way to allocate more than €750bn of EU farming and development funds, shifting the common budget to favour newer member states and those bordering Russia, according to a leaked proposal.

A tariff level of 10% is the best that the European Union can expect from negotiations with the United States, Sweden's Finance Minister Elisabeth Svantesson said on Tuesday. "We have to reckon on 10% in any case.