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EU Prepares Retaliatory Tariffs Amid Stalled U.S. Trade Talks
EU Prepares Retaliatory Tariffs Amid Stalled U.S. Trade Talks
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BTCCSquare news:
The European Union is escalating its trade strategy with a €95 billion ($110 billion) tariff threat against U.S. goods, mirroring Washington's hardline tactics. German Chancellor Friedrich Merz warned the bloc WOULD "defend its interests" if no deal is reached by July 9, potentially targeting American tech firms and public contracts.
Market reactions remained muted as the Magnificent 7 stocks traded higher despite the geopolitical tension. The EU's calibrated approach focuses on reducing—not eliminating—existing U.S. tariffs on strategic sectors like automotive and semiconductors.
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