BRUSSELS—The European Union is considering lowering tariffs on a range of U.S. imports in a bid to clinch a speedy trade deal with President Trump, according to people familiar with the matter.EU leaders are set to debate how much they are willing to sacrifice to win over Trump at a meeting in Brussels on Thursday evening.

European Union leaders are set to debate their strategy in response to President Donald Trump’s trade war, with the likely choices coming down to accepting an unbalanced deal or risking escalation by striking back.

European Union leaders gathered in Brussels to evaluate new U.S. trade proposals amid rising concerns over potential tariff hikes. European Commission President Ursula von der Leyen stated that all options remain on