The United Kingdom is urging the United States to remove a key obstacle related to domestic-production requirements that is currently delaying a trade agreement aimed at reducing U.S. tariffs on British steel. UK officials remain optimistic about reaching a modification with the Trump administration. Meanwhile, the European Union is preparing a list of potential tariffs on U.S. services as a retaliatory measure if trade negotiations fail. EU envoys are scheduled to meet this week to finalize plans for a no-deal tariff scenario in response to the U.S. hardening its trade stance, which includes proposals for tariffs exceeding 10%, with limited exemptions, ahead of the August 1 deadline. These developments highlight escalating trade tensions between the U.S., the UK, and the EU under the Trump administration.