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In a statement, European Commission President Ursula von der Leyen said that the EU wanted "to give negotiations a chance".

EU chief Ursula von der Leyen warned that "the consequences will be dire for millions of people around the globe".

European Commission President Ursula von der Leyen said Europe was "ready to negotiate" with the US, offering a mutual reduction of tariffs on industrial goods to zero – a proposal that Trump praised during remarks at the Oval Office, while saying it was still "not enough".

On Monday, European Commission President Ursula von der Leyen offered “zero for zero tariffs on industrial goods.”

And Ursula von der Leyen, the president of the European Commission, offered Trump a "zero-for-zero tariff" deal - although she previously said that she had not ruled out retaliation.