“Sooner or later, we will sit at the negotiation table with the U.S. and find a mutually acceptable compromise,” EU Trade Commissioner Maros Sefcovic told a news conference.

He also said the EU would start would start collecting a first tranche of targeted retaliatory duties on U.S. imports from April 15 and a second wave from May 15, in reaction to the U.S. tariffs on European steel and aluminium.

He also made clear that while preferring to negotiate the removal of the tariffs with the U.S., the EU was ready to step up its response. This could include the EU’s Anti-Coercion Instrument (ACI), which would allow it to target U.S. services or to limit U.S. companies’ access to public procurement tenders in the EU.