The European Commission has approved new tariffs on $23 billion worth of US goods, marking a significant escalation in the ongoing trade tensions. As global markets react, EU officials emphasize the need for a united front against unfair trade practices.

Key points include:

• EU's retaliatory tariffs aim to level the playing field.
• Live updates available on major news platforms.
• The implications for global markets and consumers.

Here's the full scoop.