EU commission proposes 25% tariffs on US goods in response to Trump: report

1. EU proposed 25% counter-tariffs on U.S. goods in response to Trump's tariffs. 2. Counter-tariffs to affect less than 26 billion euros worth of goods. 3. Trump's tariffs caused a record $5 trillion drop in S&P 500 market value. 4. Fresh tariffs on chemicals and machinery expected to impact various U.S. sectors. 5. Zero-for-zero tariff proposal could ease tensions but market volatility remains.