Trade, Tariffs: EU to Plan for Possible No-Deal Scenario With US

European Union envoys are set to meet as early as this week to come up with a plan for measures to respond to a possible a no-deal scenario with US President Donald Trump ahead of the August 1 deadline for tariff negotiations. The overwhelming preference is to keep negotiations with Washington on track in a bid for an outcome to the impasse ahead of next month’s deadline. Bloomberg's Balazs Penz reports. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.