The European Commission on Thursday proposed countermeasures on up to 95 billion euros ($107.2 billion) of U.S. imports if negotiations with Washington fail to remove the series of tariffs applied by U.S. President Donald Trump, APA reports citing Reuters.
The new measures, representing the EU's response to U.S. import taxes on cars and Trump's broader "reciprocal" tariffs, would target U.S. wine, bourbon and other spirits, fish, aircraft, car and car parts, chemicals, electrical equipment, health products and machinery.
The European Commission, which coordinates trade policy for the 27-nation EU, said it was launching a public consultation to June 10 for EU members and businesses to react to the proposals. It will then take a final decision on its counter-tariffs, likely to hit a smaller volume of U.S. imports.
"The EU remains fully committed to finding negotiated outcomes with the U.S.," Commission President Ursula von der Leyen said in a statement. "At the same time, we continue preparing for all possibilities."
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