SINGAPORE (Reuters) - The European Commission will announce on Thursday details of its plan for countermeasures against U.S. tariffs should negotiations with Washington fail, European Trade Commissioner Maros Sefcovic said on Wednesday.

The European Commission will announce on Thursday details of its next countermeasures against U.S. tariffs should negotiations with Washington fail, European Trade Commissioner Maros Sefcovic said on Wednesday.

The U.S. government could raise more than $100 billion from taxes on imports if new White House investigations into goods like pharmaceutical products result in yet more tariffs, the EU’s top trade negotiator said.