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The European Union warns that a 30% US tariff on EU goods would effectively end their trade, impacting a €1.68 trillion ($1.96 trillion) relationship. EU Trade Commissioner Maroš Šefčovič says a tariff above 30% would be prohibitive, hindering trade between the two blocs. Despite ongoing negotiations and the EU's delayed retaliation on $25 billion of US exports, the threat looms large, causing European stocks to fall. The EU seeks a negotiated solution but is preparing for potential retaliatory measures.

Prepared by Christopher Adams and reviewed by editorial team.