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flag EU considers tariffs on $95B of U.S. goods if trade talks fail, launches public consultation.

flag The European Commission has launched a public consultation for potential retaliatory tariffs on up to €95 billion worth of US imports, including aircraft, cars, and agricultural goods, if trade negotiations fail. flag The EU also warns of WTO action against US tariffs, which currently affect nearly 70% of EU exports to the US, and faces 25% US tariffs on steel, aluminum, and vehicles. flag The consultation ends on June 10, with the EU preferring a negotiated solution but preparing for other outcomes.

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